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

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Ryn00 Ryn00 · Answer 1 · 2019-01-09T02:12:50+01:00

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)

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hernandez899mn hernandez899mn · Answer 2 · 2019-01-09T03:49:10+01:00

Your answer would be $60

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