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anyanavicka [17]
3 years ago
13

How much interest will be paid in 1 year for a loan of $4200 at 8 1/2% simple interest?

Mathematics
2 answers:
makvit [3.9K]3 years ago
3 0
Assuming interest paid annually, $4,200 * 1.085 = $4557, therefore total interest paid equals $357
trasher [3.6K]3 years ago
3 0
I=ptr
i= (4200)(1)(0.085)
i= $357
4200+357
$4557
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