21. Business and finance. What interest will you pay on a $3400 loan for 1 year if the
interest rate is 12%?
2007-06-12 06:34:56 · 9 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
$3,400 * 0.12 = $408
This assumes simple interest, or if compound interest, that it is paid as it is posted.
2007-06-12 06:39:27 · answer #1 · answered by roynburton 5 · 0⤊ 0⤋
3400 * 12% = 408
2007-06-12 13:38:42 · answer #2 · answered by gebobs 6 · 0⤊ 0⤋
3400*.12= 408
2007-06-12 13:39:03 · answer #3 · answered by Marty B 2 · 0⤊ 0⤋
$3400 X 0.12
= $408 interest
2007-06-12 13:39:02 · answer #4 · answered by harry m 6 · 0⤊ 0⤋
Assuming simple interest, 0.12 x $3400
2007-06-12 13:38:06 · answer #5 · answered by Mark S, JPAA 7 · 0⤊ 0⤋
.12*3400+3400
2007-06-12 13:38:42 · answer #6 · answered by Nishant P 4 · 0⤊ 0⤋
408
2007-06-12 13:42:51 · answer #7 · answered by Susan 2 · 0⤊ 0⤋
3400/100*12
that is really basic
2007-06-12 13:40:05 · answer #8 · answered by Martin S 7 · 0⤊ 0⤋
3400*0.12 = ...
2007-06-12 13:41:14 · answer #9 · answered by Winnebago 1 · 0⤊ 0⤋