Asked by Dameion
Not quite sure how to do this question
What is the simple interest on a $14,500 loan at 9% interest for 5 years any help would be great thanks I have to show all of my work I just need to be pointed in the right direction thanks
What is the simple interest on a $14,500 loan at 9% interest for 5 years any help would be great thanks I have to show all of my work I just need to be pointed in the right direction thanks
Answers
Answered by
Ms. Sue
Interest = principal * rate * time
Multiply: $14,500 * 0.09 * 5 to find the interest.
Multiply: $14,500 * 0.09 * 5 to find the interest.
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