cion 5 ompany has a 6-month loan for $1,000 at 10% interest. Determine the amount of interest the company will pay ne 6-month period using this equation: (number of months divided by 12) multiplied by interest percentage tiplied by loan amount). Select one. $0 $70 $50 $60 Hide Feedback When provided a formula, one can find the calculation by plugging in the appropriate information from the word problem. Be sure to use order of operations (PEMDAS), which in this case means one needs to first calculate what is in parenthesis before multiplying the first and second halves of the equation