ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Hannah went to the mall and saw a massage chair that she would have to take a loan out for $6, 500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Hannah will pay for the chair?
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$2, 600
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$910
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$9, 100
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$260
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Explanation:
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