Question

Jessica borrows $1500 at 7% simple interest per week. If she ends up owing $2235, how may weeks did it take her to pay back the loan?

a. 6
b. 7
c. 8
d. 9
e. 10

Answer 1

Your answer is going to be 7 weeks

Answer 2

7 Weeks

Explanation:

Each week is 105 because 1500*.07=105

Then through the process of elimination I found it would take 7 weeks.