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I am considering loaning my brother $10,000 for one year. He has agreed to pay 6% simple interest on the loan if I don't loan my brother the $10,000 it
will stay in my bank account for the year where it will earn 3% simple interest. What is the opportunity cost to me of the loan to my brother?

Respuesta :

mathstudent55

Answer:

$300

Step-by-step explanation:

I = prt = $10,000 * 3% * 1 = $300

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