Question

How much interest will be paid in 1 year for a loan of $4500 at 7 1/2% simple interest?

Answer 1

LOL

Answer 2

what do you mean LOL @shadowWolf000 ?

Answer 3

idk

Answer 4

@Mehek14

Answer 5

find 7.5% of 4500

Answer 6

600?

Answer 7

@Legends

Answer 8

@leonardo0430

Answer 9

Is $600 one of the choices?

Answer 10

there are no answer choices @mathstudent55 that is why i drew the box for that is were i put my answer.

Answer 11

Ok. If the loan is for $4500 at 7.5% simple interest, then the interest paid in one year is 7.5% of $4500.
You need to find 7.5% of $4500.
To do that, multiply 7.5% by 4500.
7.5% is the same as 7.5/100, so you need to multiply
7.5/100 * 4500
You can also multiply 7.5 by 4500 and then divide by 100.

Answer 12

so my sanswer is 337.5 @mathstudent55

Answer 13

answer