SOLUTION: what is the total interest on a 3-year term loan of $1,250 with a simple interest rate of 10.5%?

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Question 791207: what is the total interest on a 3-year term loan of $1,250 with a simple interest rate of 10.5%?
Answer by oscargut(2103) About Me  (Show Source):
You can put this solution on YOUR website!
what is the total interest on a 3-year term loan of $1,250 with a simple interest rate of 10.5%?

Solution: 1,250(3)(0.105) = 393.75
Answer: 393.75
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