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

Question 159

Multiple Choice

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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