# A loan

A loan in the amount of $944 is charged simple interest at an annual rate of 8.1%. How much money is owed 14 months after the loan was made? ### Correct answer: x = 1033.21 USD ### Step-by-step explanation: Did you find an error or inaccuracy? Feel free to write us. Thank you! Tips to related online calculators Check out our ratio calculator. Do you want to round the number? Do you want to convert time units like minutes to seconds? #### You need to know the following knowledge to solve this word math problem: ## Related math problems and questions: • Saving 9 An amount of$ 2000 is invested at an interest of 5% per month. If $200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount has accumula • Simple interest 2 Find the simple interest if$x USD at $p% for$m months.
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