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17 votes
Ian borrows $3580 at 31% simple interest per year. When Ian pays the loan back 7 years later, how much interest does Ian pay?

1 Answer

5 votes

Answer:

776,860

Explanation:

1. 31*7=217

2.3580*217=776,860

(This one was tricker than the other one but I hope I'm right and I answered this question first)

User Axel Tetzlaff
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