Register

Simple Interest - Item 1181 Question 2 of 7 You borrow $1,000 on a simple interest loan. You pay an annual rate of 3.5%. You will take 3 years to pay back the loan. How much int…

Simple Interest - Item 1181 Question 2 of 7 You borrow $1,000 on a simple interest loan. You pay an annual rate of 3.5%. You will take 3 years to pay back the loan. How much int…
151k views
0 votes
Simple Interest - Item 1181

Question 2 of 7
You borrow $1,000 on a simple interest loan. You pay an annual rate of 3.5%. You will
take 3 years to pay back the loan. How much interest will you pay?
$1,000
interest
0%
3.5%
100%
CHECK

User Sanjay Madnani
by
7.7k points

1 Answer

1 vote

Answer:

105$

Explanation:

(1000×0.035)×3

•••

User Damien MIRAS
by
7.6k points
← Prev Question Next Question →

Related questions

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!