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What is the simple intrest on a loan of $3,500 at 3.5% over 5 years?
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13 votes
13 votes
What is the simple intrest on a loan of $3,500 at 3.5% over 5 years?

User Spaark
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2 Answers

23 votes
23 votes
612.5 because logic explains that is the answer
User Gareth Jones
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25 votes
25 votes
612.5 bc interest per year is 122.5(3,500x.035) and then you multiply by the x amount of years for the loan
User GhassanPL
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