What is the interest on a loan of $200 if you borrow it for 24 months at a yearly interest rate of 9%?

asked Oct 19, 2022 70.4k views

3 votes

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4 votes

Answer:

$36

Explanation:

I = Prt

P = 200

r = 0.09

t = 24/12 = 2

I = 200 x 0.09 x 2

I = 36

StevenWilkins answered Oct 25, 2022

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