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Find the amount of simple interest on a loan of $2,500 at 4.44% interest for 12.75 months. (Round to the nearest cent)

Find the amount of simple interest on a loan of $2,500 at 4.44% interest for 12.75 months. (Round to the nearest cent)
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Find the amount of simple interest on a loan of $2,500 at 4.44% interest for 12.75 months. (Round to the nearest cent)

User ShadowGod
by
7.9k points

1 Answer

13 votes
Standard pay in monthl 196 + 111 = 217
2500* 4.44 / 100 = 111 iterest per month

User Zalak Patel
by
9.1k points
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