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Tim Fisher received a $1200 discount loan to purchase a computer. The loan was offered at 18% for 180 days. Find the interest in dollars and the proceeds for the following problem.
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Tim Fisher received a $1200 discount loan to purchase a computer. The loan was offered at 18% for 180 days. Find the interest in dollars and the proceeds for the following problem.

User Nishank Singla
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1 Answer

3 votes
The interest is $108.00

The proceeds are $1,092.00
User Yash Agarwal
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