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

asked Jan 20, 2023 49.8k views

1 vote

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4 votes

Answer:

I=$10800

Explanation:

I=($120000×9×1)÷100

I=$1200×9=$10800

Wibbly answered Jan 27, 2023

4.3k points

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