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A credit car company charges 7% simple interest. What is the total interest on a $1,900 loan at the end of the two years?
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3 votes
A credit car company charges 7% simple

interest. What is the total interest on a $1,900
loan at the end of the two years?

User TerrorAustralis
by
8.4k points

1 Answer

7 votes

Answer: 266

Explanation:

I = prt

p= 1900

r=.07

t=2

1900x.07x2=266

User Volodymyr Kret
by
8.7k points
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