SOLUTION: what is the simple interest on a loan of $1200 after 9 months if the annual interest rate is 6%

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Question 748553: what is the simple interest on a loan of $1200 after 9 months if the annual interest rate is 6%
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
$1200 x 6/100 =$72
$72 for 12 months
= 3/4 of $72 for 9 months
= $54