Calculate the simple interest collected by the bank if $1,500 is loaned for 3 years at 8% per annum

asked Apr 16, 2022 81.0k views

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Answer:

$360

Explanation:

I=PTR =1500X3X8 = 36,000= $360

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1 vote

Answer:

$1500 divided by3=500

500+8=508

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