Algeria Algeria

13-12-2020
Mathematics

contestada

J has a loan of $42,350. This loan has a simple interest rate of 8% per year. What is the amount
of interest that will be charged on this loan at the end of two years?

Respuesta :

AlbieIXV AlbieIXV

13-12-2020

Answer:

6776

Step-by-step explanation:

8℅ = 0.08

0.08 x 42350 = 3388

3388 x 2 = 6776

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