I need help I’ll give u brainliest but i need an explanation or I can’t give it
1 answer:
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Answer:
$568.95
Step-by-step explanation:
Given parameters:
Value of loan = $18965
Interest rate = 3%
Time = 1year
Unknown:
Interest = ?
Solution:
The interest on a particular amount is given as:
I =
I is the interest
P is the principal
R is the rate
T is the time
I = = $568.95