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What is the simple interest for a loan with a $600 principal, 10% annual rate and a 2-year time period?
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What is the simple interest for a loan with a $600 principal, 10% annual rate and a 2-year time period?

User Lemarr
by
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1 Answer

3 votes

Answer:

the interest is 120

Explanation:

600*10%= 60

60*2 for the years

the answer is 120

User Stwienert
by
6.8k points
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