SOLUTION: a bank loans $880 for 1 year @ 15% p.a. simple interest. what is the simple interest on the loan
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Question 752475: a bank loans $880 for 1 year @ 15% p.a. simple interest. what is the simple interest on the loan
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=880*0.15*1
I=$132
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