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In the month of January, the Driver bus flyer factory buys material on credit to make its flyers for a value of $42,000, with a
In the month of January, the Driver bus flyer factory buys material on credit to make its flyers for a value of $42,000, with a simple annual interest rate of 16% at a maturity date of 4 semesters. Pay the amount of $12,000 in cash. Calculate the simple interest to be paid at the end of the loan. Wich is the correct answer $19,200
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