Question

Zach borrows $1910 at 2.6% simple interest per month. When Zach pays the loan back 3 years later, how much interest does Zach pay?

Answer 1

1787.76

Explanation:

Interest= P (principal amount)xR(Interest rate)xN(amount of time)

I= 1910x 0.026 (2.6%)x 36 (3 years)

1787.76

(if i'm not mistaken)