What is the simple interest on a 14,500 load at 9% interest for 5 years?
I did 14,500 x 9% x 5 years = $6,525
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What is the simple interest on a 14,500 load at 9% interest for 5 years?
I did 14,500 x 9% x 5 years = $6,525
That's correct for simple interest.
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