Kala took out a loan for 5 months and was changed simple interest at an annual rate of 6%. If the amount of the loan was $400,what is the amount of the interest she had to pay?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Kala took out a loan for 5 months and was changed simple interest at an annual rate of 6%. If the amount of the loan was $400,what is the amount of the interest she had to pay?
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