Find the interest on the following loan $8000 at 4 for 9 months The simple interest is $ (Round to the nearest cent as needed ) Find the interest on the following loan $8000 at 4 for 9 months The simple interest is $ (Round to the nearest cent as needed )...

To find the interest on a loan you can use the formula Interest Principal Rate ...

Find the interest on the following loan. $8000 at 4% for 9 months The simple interest...

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Cornerstones of Cost Management

ISBN: 978-1285751788

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Authors: Don R. Hansen, Maryanne M. Mowen

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Find the interest on the following loan. $8000 at 4% for 9 months The simple interest...

Question:

Find the interest on the following loan. $8000 at 4% for 9 months The simple interest is $ (Round to the nearest cent as needed.) Find the interest on the following loan. $8000 at 4% for 9 months The simple interest is $ (Round to the nearest cent as needed.)

Expert Answer:

To find the interest on a loan you can use the formula Interest Principal Rate ... View the full answer

Cornerstones of Cost Management

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