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Willie took out a simple interest loan of $6,000 at 10% interest for 24 months. His monthly payment is $276.60. After 4 payments the balance is $5028.21. He pays off the loan when the next payment is due.
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May 7, 2018
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Willie took out a simple interest loan of $6,000 at 10% interest for 24 months. His monthly payment is $276.60. After 4 payments the balance is $5028.21. He pays off the loan when the next payment is due. What is the interest?
Mathematics
high-school
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1.000 dollars and 52 cents
Amit Nanaware
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May 12, 2018
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Amit Nanaware
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