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How much simple interest is earned on 3,500 in 3 1/2 years interest rate of 1.5%

How much simple interest is earned on 3,500 in 3 1/2 years interest rate of 1.5%
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21 votes
How much simple interest is earned on 3,500 in 3 1/2 years interest rate of 1.5%

User DannyT
by
8.1k points

1 Answer

11 votes

Answer:

Loan amount

3,000

$

Interest

1.5

%

Payment

45

$

/

per year

Explanation:

User Sngreco
by
8.1k points
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