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7 . 2 A shrewd investor loaned $ 1 , 0 0 0 , 0 0 0 to a start - up company at 1

7.2 A shrewd investor loaned $1,000,000 to a start-up company at 10% per year interest for 3 years, but the terms of the agreement were such that interest would be charged on the principal rather than on the unpaid balance. How much extra interest did the company pay? I want an obvious answer pplez
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