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How much simple interest will be due on a loan of 9,000 at a 4.25% annual interest rate for one year?

How much simple interest will be due on a loan of 9,000 at a 4.25% annual interest rate for one year?
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1 vote
how much simple interest will be due on a loan of 9,000 at a 4.25% annual interest rate for one year?

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User Windelinckx
by
8.3k points

2 Answers

1 vote
$382.50 from (9000)(0.0425)(1)

4.25%=0.0425
answered
User Bananaapple
by
8.5k points
2 votes
$382.50 this is the answer hope this helps
answered
User Charanjit Singh
by
8.1k points
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