Entrepreneurs 4509

The entrepreneur took out a business loan of 15,000 at an interest rate of 7.5% p. to start a business. a. The state subsidy for start-up entrepreneurs is 800 euros per year for three years and must be used to repay the loan. How much interest will the entrepreneur pay after the first year of business?

Correct answer:

x =  325 Eur

Step-by-step explanation:

x=15000 7.5/100800=325 Eur

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