Simple Interest Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 9%.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Simple Interest Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 9%.

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