document.write( "Question 1091049: Mary is charged $7800 for her home renovations. She paid monthly installments of $195 for 4 years. Calculate the simple interest per month she was charged. \n" ); document.write( "

Algebra.Com's Answer #705500 by josmiceli(19441) $\"\"$ $\"About$

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$\"+195%2A4%2A12+=+9360+\"$
\n" ); document.write( "She paid $9,360 over 4 yrs
\n" ); document.write( " $\"+9360+-+7800+=+1560+\"$
\n" ); document.write( "The interest she paid was $1,560
\n" ); document.write( " $\"+1560%2F7800+=+.2+\"$
\n" ); document.write( " $\"+.2%2A100+=+20+\"$
\n" ); document.write( "She paid 20% in simple interest
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