SOLUTION: If you purchase an item for $1,292 at an interest rate of 9.8%, and you finished it for 1 year, how much is the amount of add- on interest? Round to the nearest dollar
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Question 634434: If you purchase an item for $1,292 at an interest rate of 9.8%, and you finished it for 1 year, how much is the amount of add- on interest? Round to the nearest dollar Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! If you purchase an item for $1,292 at an interest rate of 9.8%, and you financed it for 1 year, how much is the amount of add- on interest? Round to the nearest dollar
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One-year interest = 0.098*1292 = $126.62
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Cheers,
Stan H.
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