Ask Question
10 July, 20:48

A friend asks to borrow $250 for 18 months and agrees to pay 12% annual simple interest. How much interest will you earn? Round your answer to the nearest dollar.

+1
Answers (1)
  1. 10 July, 21:15
    0
    Answer: $29.70

    Step-by-step explanation:

    250 times the annual interest (12%) is converted to 250 times. 12 = 29.70
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A friend asks to borrow $250 for 18 months and agrees to pay 12% annual simple interest. How much interest will you earn? Round your answer ...” 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