Ask Question
9 June, 00:22

The following information is known about a loan.

Time = 4 years

Interest rate = 3.1%

Original amount of loan = $1,200

What amount of simple interest will be paid on the loan?

+4
Answers (2)
  1. 9 June, 00:44
    0
    It is B-148.80
  2. 9 June, 00:46
    0
    Prt divided by 100 = (1,200 x 3.1 x 4) divided 100. Final answer $148.80
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following information is known about a loan. Time = 4 years Interest rate = 3.1% Original amount of loan = $1,200 What amount of simple ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers