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Hector took out a small loan of $900 for 18 months (remember to turn this into years). The simple interest rate on the loan was 10.5%. How much will he pay in interest on the lo…

Hector took out a small loan of $900 for 18 months (remember to turn this into years). The simple interest rate on the loan was 10.5%. How much will he pay in interest on the lo…
asked 112k views
2 votes
Hector took out a small loan of $900 for 18 months (remember to turn this into

years). The simple interest rate on the loan was 10.5%. How much will he pay in
interest on the loan?

asked
User Dave L
by
8.5k points

1 Answer

6 votes

Answer:

$141.75

Explanation:

(900)(-105) (13/12) or 1.5

answered
User Leslie Chong
by
8.3k points
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