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How much is a 1.75% interest rate of 1245.15

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Answer to a math question How much is a 1.75% interest rate of 1245.15

Expert avatar
Timmothy
4.8
99 Answers
1. Convert the percentage to a decimal:

1.75\% = 0.0175

2. Multiply the decimal by the amount:

0.0175\times1245.15=21.79

Therefore, the interest is:

21.79

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