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17 March, 20:24

Find the interest to the nearest cent. $4,500 at 5.5% for 4.5 years a. $5613.75 c. $1234.56 b. $4198.62 d. $1113.75

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  1. 17 March, 20:27
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    The simple interest is the product of the given numbers:

    ... I = Prt = $4500·0.055·4.5 = $1113.75

    Selection d. is appropriate.
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