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16. Andrew borrowed $695 for a new TV. He will make 10 monthly payments of $75 to repay the loan. How much will he pay in interest? $75 $695 $750 $5.50 $55​
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16. Andrew borrowed $695 for a new TV. He will make

10 monthly payments of $75 to repay the loan.
How much will he pay in interest?
$75
$695
$750
$5.50
$55​

User Joostblack
by
6.6k points

1 Answer

6 votes

The answer is $55

You multiply 10 by 75 which gives you $750 and subtract the borrowed money by $750 to get $55

User Edith
by
6.2k points
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