simple math, just not for me. easy 10pts!?

  • Thread starter Thread starter rus_rob1
  • Start date Start date
R

rus_rob1

Guest
Ron took out a simple interest loan of $1,500.00 at 10 percent interest for 12 months. After 4 payments the balance is $1,100.00. He pays off the loan when the next payment is due. What is the interest?

thanks!
 
Back
Top