Find the simple interest paid for 7 years on a $600 loan at 5% per year.

asked Jun 19, 2022 181k views

0 votes

4.7k points

Please log in or register to add a comment.

2 votes

Answer:

210

Explanation:

600 x 0.05 (that is 5%) = 30 (interest per year)

30 x 7 = 210

Fhbi answered Jun 24, 2022

by Fhbi

5.6k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.8m answers