Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?

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Lejuan asked Jan 10, 2022

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Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the

amount of interest that Rita will be charged on this loan at the end of one year?

Mathematics
high-school

Lejuan asked Jan 10, 2022

by Lejuan

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Take the loan amount and multiply by 4%
45580*0.04= 1823.20

Throwit answered Jan 16, 2022

by Throwit

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