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Anastaziya [24]

3 years ago

15

Rita has a loan of 45,580.This loan has a simple interest rate of 4% per year. What is the amount of interest rhat rita will be

charged on this loan at the end of one year?

1 answer:

krek1111 [17]3 years ago

8 0

Total Interest charged
=principle×interest rate×time
I=prt
I=45,580×0.04×1
I=1,823.2

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