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Devonte have a loan of $39,650 loan has a simple interest rate of 4% per year what is the amount of interest at Devante will be charged on this loan at the end of one year

Respuesta :

Answer: $1582.40

Step-by-step explanation:

Since it's a simple interest rate, you just have to multiply $39,650 by 0.04, which is equal to 4%. When you do this, you get $1582.40.

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