Find the interest on the following loan. $1800 at 6.5% for 3 months. The interest is...
Find the interest on the following loan.
$1800 at 6.5% for 3 months.
The interest is $____.
Homework Answers
The interest is computed as shown below:
= Amount x rate x 3 / 12
= $ 1,800 x 6.5% x 3 / 12
= $ 29.25
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