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S_A_V [24]
3 years ago
5

You get a single payment loan of $4,400 at an interest rate of 12% the term of the loan is 172 days how much exact interest will

you pay
Mathematics
2 answers:
bazaltina [42]3 years ago
3 0

9514 1404 393

Answer:

  $248.81

Step-by-step explanation:

The interest formula is ...

  I = Prt

where principal P earns interest at annual rate r for t years. Here, t is a fraction of a year: 172/365. The interest is ...

  I = $4400×0.12×172/365 ≈ $248.81

You will pay interest of $248.81.

solong [7]3 years ago
3 0

Answer:

<h3>$ 248. 81 is the answer.</h3>

Step-by-step explanation:

<h2>\carryonlearning</h2>
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