Question: You repaid a loan plus interest with a single payment of $5,000 at the end of 15 months.If the lender charged 8% simple interest, how

You repaid a loan plus interest with a single payment of $5,000 at the end of 15 months.If the lender charged 8%simple interest,how much of is the interest?

$2,727.27

$454.55

$500.00

$480.61

$1,000.00

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