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Tim Fisher received a $1200 discount loan to purchase a computer. The loan was offered at 18% for 180 days. Find the interest in dollars and the proceeds for the following probl…

Tim Fisher received a $1200 discount loan to purchase a computer. The loan was offered at 18% for 180 days. Find the interest in dollars and the proceeds for the following probl…
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4 votes
Tim Fisher received a $1200 discount loan to purchase a computer. The loan was offered at 18% for 180 days. Find the interest in dollars and the proceeds for the following problem.

asked
User Nishank Singla
by
8.3k points

1 Answer

3 votes
The interest is $108.00

The proceeds are $1,092.00
answered
User Yash Agarwal
by
7.9k points
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