Find the simple interest on each loan.
-Principal: $\$ 3200$; rate: $4 \frac{1}{2} \%$; time: 4 years
A) $\$ 144$
B) $\$ 576$
C) $\$ 1440$
D) $\$ 3600$

Name: Find the simple interest on each loan. -Principal: $\$ 3200$; rate: $4 \frac{1}{2} \%$; time: 4 years A) $\$ 144$ B) $\$ 576$ C) $\$ 1440$ D) $\$ 3600$
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Question

Quizplus · Accepted Answer

Simple interest is calculated using the formula $SI = \frac{P \times R \times T}{100}$. Substituting the given values: $SI = \frac{3200 \times 4.5 \times 4}{100} = 576$.

Find the Simple Interest on Each Loan $3200\$ 3200$3200 ; Rate 412%4 \frac{1}{2} \%421​%

Find the Simple Interest on Each Loan $\$ 3200$ ; Rate $4 \frac{1}{2} \%$