Mark borrows $2500. His loan is for 6 months and has a 12% interest rate. How much interest will Mark pay on the loan?

asked Sep 4, 2022 83.5k views

13 votes

Mark borrows $2500. His loan is for 6 months and has a 12% interest rate.

How much interest will Mark pay on the loan?

5.6k points

Please log in or register to add a comment.

7 votes

Answer:

$150.00

Explanation:

2500x.12x.5= 150.00

Karri answered Sep 4, 2022

by Karri

5.9k points

8 votes

Answer:

either 300 or 1800

Explanation:

depends on if they are counting for one month or the whole 6 months.

CheapSteaks answered Sep 9, 2022

6.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

8.9m answers