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12 August, 15:55

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

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  1. 12 August, 16:07
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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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