Answer to Question #211197 in Financial Math for Tanvir Shawon

Question #211197

What is the total interest made after 4 years on a simple interest loan that accumulates 13% each year and has original amount was $1350.

Expert's answer

"SI=P\\times R\\times T\\\\=\\$1350\\times\\frac{13}{100}\\times4"

"=\\$702"

the total interest made after 4 years is $702

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