How to find interest paid on a loan of 1200 in one year?
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Calculate your total interest paid
This is done by subtracting your principal from the totalvalue of your payments. To get your total value of payments, multiply your number of payments, "n," by the value of your monthly payment, "m." Then, subtract your principal, "P," from this number.
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This is done by subtracting your principal from the totalvalue of your payments. To get your total value of payments, multiply your number of payments, "n," by the value of your monthly payment, "m." Then, subtract your principal, "P," from this number.
HOPE IT WORKS
PLEASE FOLLOW ME
BE BRAINLY ☺️☺️☺️☺️
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