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You pawn a gold ring and receive a 90 day loan for $500. The interest rate is 40%. What is the interest for the loan?​

You pawn a gold ring and receive a 90 day loan for $500. The interest rate is 40%. What is the interest for the loan?​
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You pawn a gold ring and receive a 90 day loan for $500. The interest rate is 40%. What is the interest for the loan?​

User Kallada
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1 Answer

1 vote

Answer:

the interest on the loan is $49.32.

Explanation:

User Opewix
by
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