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2: If Mark takes out a personal loan of $10,000 with an
interest rate of 8% per
annum, how much interest will he pay
after one year?



Answer :

Answer:

Step-by-step explanation:

His interest will be  8% of $ 10 000.......

8% is .08 in decimal

interest owed after one year =  .08 * $ 10 000 = $ 800.00

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