Andy got a loan of $120000 from a bank at a rate of 9% per annum calculate the i for the loan at the end of the first year

Ionut Ticus asked Jan 8, 2023

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Ionut Ticus asked Jan 8, 2023

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12 votes

Answer:

I=$10800

Explanation:

I=($120000×9×1)÷100

I=$1200×9=$10800

Bryan Goggin answered Jan 14, 2023

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