Question

You will be charged 10.5% interest on a loan of 678 how much interest will you pay on the loan

Answer 1

10.5% of 678 =
0.105(678) = 71.19 <==
Hope this helps.

Answer 2

Answer: 71.19

Explanation:

Since, the total amount = 678

Total charged on that money = 10.5 %

Thus, the total interest paid = 10.5% of the total amount

`=10.5\% \text{ of } 678`

`=(10.5)/(100)* 678`

`=(7119)/(100)`

`=71.19`

Hence, the total paid interest = 71.19