Homework Help: math

Posted by jordan on Thursday, December 6, 2012 at 3:34pm.

you borrow $1200 from a bank that bank charges 9.5% simple annual interest. after 15 months you pay back the loan. how much interest do you pay on the loan? what is the total amount that you pay the bank.

math - Steve, Thursday, December 6, 2012 at 3:59pm
interest is 1200*0.095*(15/12) = 142.50

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