SOLUTION: What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually?
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Question 117987: What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
What amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15% annually?
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I=Prt
I = 8200*0.15*1
I = $1230.00
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Cheers,
Stan H.
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