jorge62flores jorge62flores

Today at 2:43 AM
Mathematics

Answered

If $3,000 is loaned for 4 years at a
4.5% annual simple interest rate,
how much interest is earned?

Answer :

clarch19 clarch19

Today at 2:48 AM

Answer:

$540

Step-by-step explanation:

Interest = Principal x Rate x Time

I = 3000(.045)(4)

I = 540

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