document.write( "Question 1064271: You take a simple interest loan for $1200. at 10% interest for 14 months. How much is the monthly payment? I am stuck on figuring out the interest for 14 months.
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Algebra.Com's Answer #679327 by MathTherapy(10551) $\"\"$ $\"About$

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You take a simple interest loan for $1200. at 10% interest for 14 months. How much is the monthly payment? I am stuck on figuring out the interest for 14 months.
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Correct answer: Interest for 14 months = 
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document.write( "Add this simple interest to the loan amount and divide the sum by 14 to get monthly payment. You should get: $95.71. \n" );
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