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If you borrow 1700 at 7%interest how much interest will you pay

If you borrow 1700 at 7%interest how much interest will you pay
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If you borrow 1700 at 7%interest how much interest will you pay

User Pham
by
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1 Answer

5 votes
1700 = 100%
1% = 17
In total you’re paying 107% back due to interest
17x7 = 119
1700+119
Total amount paid back is 1819
Amount of interest is 119
User Thanh Le
by
8.4k points
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