Ask Question
28 January, 15:48

Find the simple interest paid to the nearest cent for each loan, interest rate, and time. $500, 12%, 18 months

+5
Answers (2)
  1. 28 January, 17:32
    0
    Your answer would be $60
  2. 28 January, 18:58
    0
    Answer: The interest is $60

    Step-by-step explanation:

    500*112%=$560

    560/18=$31.11

    $60 in interest is paid, or an additional $3.33 a month (Bringing the monthly loan payment to a grand total of $31.11)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Find the simple interest paid to the nearest cent for each loan, interest rate, and time. $500, 12%, 18 months ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers