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31 August, 03:33

What is the simple interest on a loan of $310 for 4 months at 12% per year?

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  1. 31 August, 04:17
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    Answer:12.4

    Step-by-step explanation:

    Simple interest = (principal*rate*time) : 100

    Simple interest = (310*12*4/12) : 100

    Simple interest=1240:100

    Simple interest=12.4
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