Julie borrowed $3,500 for 3 years at 7% simple interest rate. How much interest is that? *

Stefanus asked Jan 7, 2022

461,884 views

23 votes

Stefanus asked Jan 7, 2022

2.2k 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.

17 votes

It would be $787.50 interest

Cyril Deba answered Jan 12, 2022

2.8k 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