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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asked Jul 22, 2024 163k views

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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?

Mathematics
college

Kallada asked

by Kallada

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Answer:

the interest on the loan is $49.32.

Explanation:

Opewix answered Jul 28, 2024

by Opewix

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