Question

Lane borrowed $1200 for a new drum set. She will be paying 6.5% in simple interest over the next 2 years. What is the total amount of interest she will be paying on the loan? Show Work

Answer 1

Steplo-by-step explanation:loan is 1200.

The interest rate is 6.50

Pp 46.90

Cumulative payment $53.4

Total payments$1,282.93