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30 October, 05:46

Erica recieves a $4,300 loan for her tuition which charges simple interest annually at a rate of 4.4%. How much interest will Erica pay on the loan over the course of 5 years? a $350 b $189.20 c $9,460 d $946

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  1. 30 October, 08:37
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    d) $946

    Step-by-step explanation:

    4.4% of 4300 = 189.2

    simple interest is the value (189.2) x the amount of years (5)

    189.2 x 5 = 946
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