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OpenStudy (anonymous):
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OpenStudy (anonymous):
What is the interest to be paid on a loan amount of $450 over a 1 year period if the rate of interest is 22%?
OpenStudy (anonymous):
no one wants to help???
OpenStudy (anonymous):
the interest would be $99
OpenStudy (anonymous):
hi mulla, the answer may differ whether you want to calculate simple interest or compound interest. i think the answer might come from the simple interest method. |dw:1331086048843:dw|
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