Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will b
e charged on this loan at the end of one year? A $47,403.20 B $11,395 C $18,232 D $1,823.20
2 answers:
I=prt
I=45580*0.04*1
I=1,823.2
C multiply 45580 times 4 percent
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