SOLUTION: a bank in houston loans 50000 to a business at 12.5% annual simple interest for 15 months. how much interest will the bank earn?

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Question 734887: a bank in houston loans 50000 to a business at 12.5% annual simple interest for 15 months. how much interest will the bank earn?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=50000*0.125*15/12
I=$7812.50