Answer to Question #329106 in Economics for Bea

Question #329106

What would be the interest due at the end of year 1 if the principal debt was R5000 and the interest rate is 15%

[1] 75 000

[2] 7500

[3] 750

[4] 75, 00

Expert's answer

5000 x 0.15 = 750

[3] 750

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