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Asked by naisa

Norma borrowed $1,800 at an annual interest rate of 11% for three months. How much interest did she pay on the loan?
12 years ago

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Answered by Ms. Sue
I = PRT

I = 1,800 * 0.11 * 0.25

12 years ago
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Norma borrowed $1,800 at an annual interest rate of 11% for three months. How much interest did she pay on the loan?

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