SOLUTION: juanita and borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what is the interest?

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Question 234976: juanita and borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what is the interest?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=4800*.11*2
I=$1056