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A $3,000 loan is taken out for 9% interest for 6 months. What is the amount of interest charged?

A $3,000 loan is taken out for 9% interest for 6 months. What is the amount of interest charged?
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3 votes
A $3,000 loan is taken out for 9% interest for 6 months. What is the amount of interest charged?

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User Maxjackie
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2 Answers

6 votes

Answer:$270

Explanation:

answered
User Rostov
by
8.4k points
7 votes
This is how I did it I set it up then I put it as an equation and I multiply then I got my answer
A $3,000 loan is taken out for 9% interest for 6 months. What is the amount of interest-example-1
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User Jared Loomis
by
9.0k points
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