diane degroot lends $6500 for the 18 months at 12%. how much interest will she earn?

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diane degroot lends $6500 for the 18 months at 12%. how much interest will she earn?

2006-11-16 17:19:24 · 3 answers · asked by garnisheed 1 in Business & Finance ➔ Personal Finance

3 answers

Your question is not complete.
However, I am assuming you mean 12% apr, or 1% per month.
Simple interest (no compounding) will earn her $1170 in 18 months.
6500*.12/12*18 = 1170. She earns $65 per month.

2006-11-16 17:33:03 · answer #1 · answered by David A 7 · 0⤊ 0⤋

Diane Degroot

2016-12-18 08:33:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Have you considered doing your own homework rather than just posting all the questions here? You'd probably learn a lot more.

2006-11-16 19:06:34 · answer #3 · answered by Judy 7 · 0⤊ 0⤋