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

Question

asked Sep 22, 2023 34.7k views

1 Answer

Axel Tetzlaff · Answer 1 · 2023-09-27T12:17:35+0000

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)