181k views
3 votes
a loan of $10,000 was granted for 9 year at 8 percent simple interest .what is the amount of simple interest owed

1 Answer

1 vote

Answer:

7200

Explanation:

principle=10000

time=9

rate=8%

now

simple interesr=p*t*r/100

= 10000*9*8/100

=7200

User Mandraenke
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories