Register

How much simple interest will be due on a loan of 9,000 at a 4.25% annual interest rate for one year?

How much simple interest will be due on a loan of 9,000 at a 4.25% annual interest rate for one year?
111k views
1 vote
how much simple interest will be due on a loan of 9,000 at a 4.25% annual interest rate for one year?

User Windelinckx
by
8.3k points

2 Answers

1 vote
$382.50 from (9000)(0.0425)(1)

4.25%=0.0425
User Bananaapple
by
8.5k points
2 votes
$382.50 this is the answer hope this helps
User Charanjit Singh
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!