SOLUTION: How do you solve: If the amount of loan is $4500, the length of loan 3 years, and the interest rate 9%, how do you find the total interest? Thank you!

SOLUTION: How do you solve: If the amount of loan is $4500, the length of loan 3 years, and the interest rate 9%, how do you find the total interest? Thank you!

Algebra.Com

Question 376556: How do you solve:
If the amount of loan is $4500, the length of loan 3 years, and the interest rate 9%, how do you find the total interest?
Thank you!
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=4500*0.09*3
I=$1215
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