SOLUTION: How much interest is charged on a $10,000 loan at 10.3% interest if payments are $255.07 a month for 4 years?

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Question 1141537: How much interest is charged on a $10,000 loan at 10.3% interest if payments are $255.07 a month for 4 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
How much interest is charged on a $10,000 loan at 10.3% interest if payments are $255.07 a month for 4 years?
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48*255,07 = $12243.36
Interest = $2243.36