Find the amount paid for the loan- $4800 at 9.9% for 4 years

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Asif Hhh · Answer 1 · 2020-09-01T19:46:17+0000

Answer:

solution

principle:4800

rate:9.9

time:4 years

I:?

amount:?

Explanation:

here

I=p×t×r/100

or,I=4800×4×9.9/100

therefore I=1900

now

amount=1900.8+4800

therefore

amount=6700.8

Find the amount paid for the loan- $4800 at 9.9% for 4 years

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