Question: It is the total amount you need to pay if you borrowed 45,000 from a lending institution at 11%simple interest per annum after 3 years.

It is the total amount you need to pay if you borrowed 45,000 from a lending institution at 11%simple interest per annum after 3 years.

a. 59,850

b. 59,800

c. 59,580

d. 59,550

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