Solve the problem.Suppose you borrow $2225 for a term of seven years at simple interest and 3.36% APR. How much is the total (principal plus interest) you must pay back on the loan?

A. $52.33
B. $2748.32
C. $5233.20
D. $523.32
E. $2277.33


Answer: B

Mathematics

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A.
B.
C.
D.

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What will be an ideal response?

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