What is the amount of interest for a loan of $8000 at 9% interest for 1 year?

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Home>Mathematics homework help>Numerical analysis homework help> What is the amount of interest for a loan of $8000 at 9% interest for 1 year?

 What is the amount of interest for a loan of $8000 at 9%  interest for 1 year? Hint: This is a simple interest problem(I=PRT)

 $700

 $720

 $750

 $780