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3 years ago

9

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:

Virty [35]3 years ago

7 0

I=prt
I=45580*0.04*1
I=1,823.2

k0ka [10]3 years ago

3 0

C multiply 45580 times 4 percent

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