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zubka84 [21]
3 years ago
14

Find the simple interest paid for 8 years on a $850 loan at 7.5% per year.

Mathematics
1 answer:
Andru [333]3 years ago
6 0
The formula is
I=pre
I interest paid?
P principle 850
R interest rate 0.075
T time 8 years
I=850×0.075×8
I=510
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