Hector took out a small loan of $900 for 18 months (remember to turn this into years). The simple interest rate on the loan was 10.5%. How much will he pay in interest on the loan?

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asked May 9, 2022 112k views

2 votes

Hector took out a small loan of $900 for 18 months (remember to turn this into

years). The simple interest rate on the loan was 10.5%. How much will he pay in
interest on the loan?

Mathematics
high-school

Dave L asked

by Dave L

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1 Answer

6 votes

Answer:

$141.75

Explanation:

(900)(-105) (13/12) or 1.5

Leslie Chong answered May 14, 2022

by Leslie Chong

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