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Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.
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1 vote
Find the simple interest paid on a loan of $4,750 at a rate of 19.5% for 30 months.

asked
User Maniac
by
8.7k points

1 Answer

2 votes

Answer:

Monthly Payment $201.31

Total Interest Paid $1,289.26

Total Paid $6,039.26

Explanation:

answered
User N Klosterman
by
8.5k points
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