SOLUTION: solve and check what amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15$ anually? I came up with $1230 but not sure how to set the problem

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Question 117905: solve and check
what amount of interest will you pay on a $8200 loan for 1 year if the interest rate is 15$ anually?
I came up with $1230 but not sure how to set the problem up.
8200=1*15x
x=
am I going in the right direction

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What do you mean by an interest rate of 15$ ?
Cheers,
Stan H>