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22 August, 09:32

Sara has a loan for $1800 at a rate of 16% annually. If the interest is not compounded, how much interest will she pay in 4 years?

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  1. 22 August, 11:07
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    The answer is $1,152 you get that answer by taking 1,800x. 16x 4 = 1,152 so at simple interest you have $1,152 in interest
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