What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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What's the interest in a $500 loan at an annual simple interest rate of 9% at the end of 1 year?
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