vivaladiva20747 vivaladiva20747

06-02-2020
Mathematics

contestada

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

Respuesta :

25kpatel 25kpatel

07-02-2020

Answer:$11200

Step-by-step explanation:

I = prt

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

I = $11200

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