Six hundred dollars is borrowed at an interest rate of 1.4 per month. Find the interest for a 30-month period.?

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1010249

2026-08-27 21:50

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To find the interest for a 30-month period on a $600 loan at an interest rate of 1.4% per month, you can use the formula for simple interest: Interest = Principal × Rate × Time. Here, the Principal is $600, the Rate is 0.014 (1.4% expressed as a decimal), and the Time is 30 months.

Calculating it:
Interest = 600 × 0.014 × 30 = $252.

Therefore, the interest for a 30-month period is $252.

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