X 1.5. MR-9 Thang decided to borrow $7000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 7%. How much interest will Thang pay? Thang will pay $ interest.

Beastieboy asked Dec 21, 2023

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Beastieboy asked Dec 21, 2023

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16 votes

7% of $7000 is

Hence, Thang will pay $490 interest.

Igor Gilyazov answered Dec 28, 2023

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