SOLUTION: Could you please help me solve this problem? What simple interest will you pay on a loan of $1,458 at 12.4% for 1 year? Thanks, Sher

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Question 39715: Could you please help me solve this problem?
What simple interest will you pay on a loan of $1,458 at 12.4% for 1 year?
Thanks,
Sher

Answer by Nate(3500)   (Show Source): You can put this solution on YOUR website!
interest yields rate times time times principle

About $180.79

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