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19 October, 02:20

Find the simple interest paid for 8 years on a $850 loan at 7.5% per year.

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  1. 19 October, 06:04
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    The formula is

    I=pre

    I interest paid?

    P principle 850

    R interest rate 0.075

    T time 8 years

    I=850*0.075*8

    I=510
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