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02-12-2020
Mathematics

contestada

Find the simple interest on a loan of 23,000 at 5.4% interest for 11 months

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Eddie1Wan Eddie1Wan

02-12-2020

Answer:

Simple interest=1138.5

Step-by-step explanation:

Simple interest=23000×(5.4/100)×(11/12)

S.I=23000×0.054×(11/12)

S.I=1138.5

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