Question

You will be charged 10.5% interest on a loan of 678 how much interest will you pay on the loan

Answer 1

10.5% of 678 = 
0.105(678) = 71.19 <==
Hope this helps. 

Answer 2

Answer: 71.19

Step-by-step explanation:

Since, the total amount = 678

Total charged on that money = 10.5 %

Thus, the total interest paid = 10.5% of the total amount

$=10.5\% \text{ of } 678$

$=\frac{10.5}{100}\times 678$

$=\frac{7119}{100}$

$=71.19$

Hence, the total paid interest = 71.19