The following information is known about a loan.
Time = 4 years
Interest rate = 3.1%
Or...
Mathematics, 03.11.2020 17:50 allisonmareesanders2
The following information is known about a loan.
Time = 4 years
Interest rate = 3.1%
Original amount of loan = $1,200
What amount of simple interest will be paid on the loan?
$37.20
$148.80
$1,051.20
$1,348.80
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