The following information is known about a loan.
Time = 8 years
Interest rate = 14%
Pri...
Mathematics, 18.11.2020 04:30 DnsMonsteR7712
The following information is known about a loan.
Time = 8 years
Interest rate = 14%
Principal = $1,010
What is the total amount of simple interest that is earned?
A. $113.20
B. $1,131.20
C. $11,311.20
D. $113,112.00
Answers: 3
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