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Monday, October 26, 2009

What is the interest to be paid on a loan amount of $750 over a 9 month period if the rate of intere

it would be 750 times 9 equal 6,750 and then 3% of 6,750 equals 2025.



What is the interest to be paid on a loan amount of $750 over a 9 month period if the rate of interest is 3%?

$750 * 3% * (9/12) = $16.87

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