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Matt borrows $15,000 from the bank to help pay for a new car. The loan...

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Algebra

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Matt borrows $15,000 from the bank to help pay for a new car. The loan is for 6 yearswith a simple interest rate of 9.9%.Determine the amount of simple interest that Matt will pay for the loan. Round to thenearest cent (if necessary) and do not include the $ symbol.

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