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anonymous

  • 5 years ago

What is the total amount due for a loan of $824 at an interest rate of 7.5% for 9mths. I need the formula using I=P R T. can someone help me please.

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  1. anonymous
    • 5 years ago
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    given p= 824, r= 7.5% t = 9/12 I= 824 x 7.5/100 x 9/12 I= 46.35

  2. anonymous
    • 5 years ago
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    Is it simple interest or compound interest??

  3. anonymous
    • 5 years ago
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    i believe simple

  4. anonymous
    • 5 years ago
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    Ok, then reckkimini's ans is correct, u can use it

  5. anonymous
    • 5 years ago
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    well think you for double checking I really do appreciate it.

  6. anonymous
    • 5 years ago
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    welcome, all credit to reckkimini...

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