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disa [49]
3 years ago
5

How much simple interest will be charged on a 40,000 loan with a 7% interest rate that is paid back in 4 years?

Mathematics
1 answer:
kow [346]3 years ago
8 0

Answer:$11200

Step-by-step explanation:

I = prt

I = 40,000( .07)(4)

I = $11200

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