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Find the simple interest paid $4500, 9%, 3.5 years ​
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5 votes
Find the simple interest paid

$4500, 9%, 3.5 years ​

User Abenrob
by
5.4k points

1 Answer

4 votes

Explanation:

Principle (P) =$4500

Rate(R) =9%

Time(T)=3.5yrs

We know,

SI=P×T×R/100

=4500×3.5×9/100

=$1417.5

User KOTJMF
by
4.9k points
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