Math, asked by vandanaxc114, 8 months ago

The following information is known about a loan.
Time = 4 years
Interest rate = 3.1%
Original amount of loan = $1,200
What amount of simple interest will be paid on the loan?

Answers

Answered by someone0936

4

Answer:

148.8

Step-by-step explanation:

S.I= P×R×T/ 100

=1200×3.1×4/100

=148.8

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