A loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much

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โœช Choose the correct option.

A loan of $15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due and what is the amount repaid if the loan is due in seven months

A. 15612.5
B. 14612.5
C. 13612.5
D. 17612.5

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