How do you find the simple interest on a loan for 1 year at 12.5% multiply the amount of the loan by 0.125. What simple interest will you pay on a loan of $1,458 at 12.5% for 1 year? I need soneone to show me how to do this math problem.
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Interest = Principle * Rate * Time I = 1458 * (12.5/100) * 1 I = 1458 * 0.125 * 1 I = $182.25
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