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16-10-2019
Mathematics

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How many simple interest accrues on a $5,000 loan at 8% for 18 months?

Respuesta :

nikolaychuknadea nikolaychuknadea

16-10-2019

Answer:

$600

Step-by-step explanation:

A = P(1 + rt)

P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

A= 5,000(1+ 0.08x1.5) = $5600

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