A credit union lends money to its members at an interest rate of 0.75% per month. What is the interest charge each month on a loan of $3500?

Jhong asked Nov 12, 2023

236,217 views

28 votes

Jhong asked Nov 12, 2023

by Jhong

2.8k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

15 votes

Answer:

26.25$ i think may not be right

Explanation:

0.75% of 3500 is 26.25

hope i helped :]

Chris Hobbs answered Nov 18, 2023

3.4k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers