Loki's home repairs will cost him $1,200. The bank will give him a loan for the full amount at an interest rate of 21%. The bank expects a payment of $121 every month for 12 months. How much interest will Loki have paid when the loan balance is $0?
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Home » Mathematics » Loki's home repairs will cost him $1,200. The bank will give him a loan for the full amount at an interest rate of 21%. The bank expects a payment of $121 every month for 12 months. How much interest will Loki have paid when the loan balance is $0?