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For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is

For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is
asked 83.1k views
5 votes
For a $1,000 loan at a rate of 16 3/4 % for 5 years, the simple interest is

asked
User Adriaan
by
8.0k points

1 Answer

1 vote

Answer:

$837.50

Explanation:

(1000×16.75×5)/100

83750/100=

$837.50

answered
User Osama Sheikh
by
8.0k points
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