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Find the interest on a loan of $2500 that is borrowed at 9% for 18 months.
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Find the interest on a loan of $2500 that is borrowed at 9% for 18 months.

User Oran
by
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1 Answer

6 votes

Answer:

$338.50

Explanation:

Simple interest would be i = ($2500)(0.09)(1.5 yrs) = $338.50

User Nishchit
by
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