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Mathematics 9 Online
OpenStudy (anonymous):

What is the interest to be paid on a loan amount of $340 over a 9 month period if the rate of interest is 8%?

OpenStudy (anonymous):

$20.04

OpenStudy (anonymous):

interest = principal*rate*time per year

OpenStudy (anonymous):

isnt it 20.4??

OpenStudy (anonymous):

Oh yes. It is $20.4. Sorry!

OpenStudy (anonymous):

=D

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