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July 4, 2015

Homework Help: Math

Posted by Gregg on Sunday, September 18, 2011 at 2:17pm.

Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time)
(a)$ 18.00 (b)$ 1,800 (c)$ 180
(d)$ 1.80 (e)$ 18

I put in 2400*9*.10 and it equals 2160 so i don't get what i'm doing wrong for the problem

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