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

asked Dec 12, 2022 181k views

3 votes

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1 vote

Answer:

7200

Explanation:

principle=10000

time=9

rate=8%

now

simple interesr=p*t*r/100

= 10000*9*8/100

=7200

Mandraenke answered Dec 16, 2022

4.8k points

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