SOLUTION: For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is?

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Question 886697: For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=1000*0.1675*5
I=$837.50