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Determine the amount of interest owed after 2 years on a $850 loan at a 12.5% interest rate. Write an equation and solve the problem.
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4 votes
Determine the amount of interest owed after 2 years on a $850 loan at a 12.5% interest rate. Write an equation and solve the problem.

User Anar Salimkhanov
by
8.1k points

2 Answers

9 votes

Answer:

$208.25

Explanation:

User Weej
by
7.6k points
8 votes

Answer:$212.50

Explanation:

=850*.125*2

User Bo Frese
by
8.5k points
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