rubysantana0102 rubysantana0102

20-07-2017
Mathematics

contestada

Find the simple interest paid for 8 years on a $850 loan at 7.5% per year.

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Aliwohaish12 Aliwohaish12

20-07-2017

The formula is
I=pre
I interest paid?
P principle 850
R interest rate 0.075
T time 8 years
I=850×0.075×8
I=510

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