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The interest on a loan at an interest rate of 9% over a year is I = (0.09)P, where P is the principle (loan amount) and I is the interest rate. Use a domain in the table to find the interest of these amounts for one year. Write the range only in your solution.
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Principle 10 100 1000 10,000 100,000 1,000,000 Interest -- -- -- -- -- --
the formula indicates that interest I=(0.09)P for P=10 therefore I=(0.09)10=0.90 P=100 therefore I=(0.09)100= 9.0 P=1000 therefore I=(0.09)1000=90. can you do the rest? try them
use your calculator
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