Question

Christina Fox took out a simple interest loan at 5% for 12 months. Her previous balance is $200. What is the interest for the next payment?

Nov 6, 2015

200 * 0.05/12

Nov 6, 2015

Related Questions

Tom Newman took out a simple interest loan of $1,500.00 at 10 percent interest for 12 months. after... Felicia took out a simple interest loan at 12 percent interest for 6 months.her previous balance is$...