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A customer requests a loan advance of $300 with an annual interest rate of 22%. What is the dollar amount of the interest for the entire year

  • Math -

    0.22 * 300 = ?

  • Math -

    The annual interest rate for a customer’s loan of $425 is 15.75%. What is the total dollar amount to be repaid on the loan, including principle and interest, for the entire year?

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