SOLUTION: How much simple interest was paid on a $2100 loan at 7% for 11months?

Algebra ->  Test -> SOLUTION: How much simple interest was paid on a $2100 loan at 7% for 11months?      Log On


   

Question 357253: How much simple interest was paid on a $2100 loan at 7% for 11months?
Answer by edjones(8007) About Me  (Show Source):
You can put this solution on YOUR website!
2100 * .07 * 11/12 = $134.75