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

asked Oct 12, 2023 59.3k views

2 votes

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6 votes

Answer:

$1,109.80

Explanation:

$3580 times 31% = 1,109.80+ 3580 = $4,689.80

Tjvr answered Oct 14, 2023

by Tjvr

5.4k points

7 votes

Answer: $1,109.80

Explanation:

$3580 times 31% = 1,109.80+ 3580 = $4,689.80

Guerschon answered Oct 19, 2023

5.5k points

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