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Tom Newman took out a simple interest loan of $1,500.00 at 10 percent interest for 12 months. after 4 payments the balance is 1...Asked by Nadia
Tim Newman took out a simple interest loan of $1500 at a 10 percent interest for 12 months. After 4 payments, the balance is $1100. He pays off the loan when the next payment is due. What is the interest?
Is it $9.17
Is it $9.17
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Answered by
Henry
See previous post: Tue, 4-21-15, :31 PM.
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