hardenjackie2023 hardenjackie2023

01-04-2024
Mathematics

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Debbie paid 12% interest on a 13000 loan balance. What is the amount of interest paid?

Respuesta :

webtoonfan48 webtoonfan48

01-04-2024

Answer:

$1,560

Step-by-step explanation:

To calculate the amount of interest paid, we use the formula:

Interest = Principal x Rate

We can plug these values into the formula:

Interest =13000x0.12

Intrest=1560

(it's just 12 percent of 13000)

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