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55 Fredrick received a $2.400 loan from the bank for a new appliance. The bank is using the simple interest formula for this two year,

55 Fredrick received a $2.400 loan from the bank for a new appliance. The bank is using the simple interest formula for this two year, 11.5% loan. What is his total interest? 8 12:01 Multiple Choice $276.00 $552.00 $2,423.00

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