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10-11-2020
Mathematics

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Rita has a loan of $45,580. This loan has a simple interest rate of 4% per year. What is the amount of interest that Rita will be charged on this loan at the end of one year?

Respuesta :

ki23062 ki23062

14-12-2020

Answer:

Step-by-step explanation:

total Interest charged

=principle×interest rate×time

I=prt

I=45,580×0.04×1

I=1,823.2

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