SOLUTION: how much interest, will the borrower pay for the year if the interest is 24% and the borrower borrowed $250.00

Algebra.Com
Question 268784: how much interest, will the borrower pay for the year if the interest is 24% and the borrower borrowed $250.00
Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
250*.24=$60
RELATED QUESTIONS

If mortgage lending institutions apply the “30% rule” (monthly mortgage payment of... (answered by Theo)
How much should a borrower pay at the end of 9 months for his loan of 50,000 at 5% at... (answered by mananth)
Carolyn borrowed $125. If the interest rate is 1.5% per moth on the unpaid balance and... (answered by rfer)
The Grand Bank loaned one borrower $25000 and another borrower $50000 at an interest rate (answered by rfer)
A $5,000 debt on a credit card will take 32 years to repay if only the minimum monthly... (answered by KMST)
An individual has two low-interest loans, one at 4% interest and the other at 6%... (answered by jorel1380)
An individual has two low-interest loans, one at 4% interest and the other at 6%... (answered by mananth)
If $28000 is borrowed at 7% for one year how much is the... (answered by checkley77)
The Ability-to-Repay Rule, adopted by the Consumer Financial Protection Bureau in... (answered by Theo)