What is the interest on a loan of $200 if you borrow it for 24 months at a yearly interest rate of 9%?
1 answer:
Answer:
$36
Step-by-step explanation:
I = Prt
P = 200
r = 0.09
t = 24/12 = 2
I = 200 x 0.09 x 2
I = 36
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Answer:
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Step-by-step explanation:
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Step-by-step explanation:
