you borrow $500 to buy a computer. the simple interest rate is 15%. you pay off the loan after 4 years. how much do you pay for the loan

asked May 19, 2019 217k views

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5 votes

$13.92 a month for 48 months
Total interest paid is $167.89

hope this helps:)

Gcandal answered May 22, 2019

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