SOLUTION: To find the simple interest on a loan for 1 year at 12.5%, multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1458.00 at 12.5% for 1 year?
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-> SOLUTION: To find the simple interest on a loan for 1 year at 12.5%, multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1458.00 at 12.5% for 1 year?
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Question 110222: To find the simple interest on a loan for 1 year at 12.5%, multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1458.00 at 12.5% for 1 year? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! To find the simple interest on a loan for 1 year at 12.5%, multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1458.00 at 12.5% for 1 year?
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0.125*1458.00 = $182.25
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Cheers,
Stan H.
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