SOLUTION: How much simple interest was paid on a $2100 loan at 7% for 11months?

SOLUTION: How much simple interest was paid on a $2100 loan at 7% for 11months?

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Question 357253: How much simple interest was paid on a $2100 loan at 7% for 11months?
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
2100 * .07 * 11/12 = $134.75
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