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Posted on Sep 28, 2024

Umesh borrowed $ 2 , 0 0 0 for one year and paid $ 2 0 0 in interest. The bank charged him a $

Umesh borrowed $

2, 000

for one year and paid $

200

in interest. The bank charged him a $

20

service charge. What is the finance

charge on this loan?

Finance charge

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