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patriot [66]
3 years ago
5

Rita has a loan of 45,580.This has a simple interest of 4% per year.What is the amount of interest that Rita will be chagrined o

n this loan at the end of the year?please show me how to work it out.
Mathematics
2 answers:
Nana76 [90]3 years ago
6 0
At the end of the first year, unless she is interest free for the first year, will be 47,403.20 because when you multiply the original number by 4% (or .04), you get 1,823.20. Add this to the original amount, and that is what she has to pay back after the first year.
Alja [10]3 years ago
6 0
18.232 per year 45.580 x 0.4
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