Calculate the simple interest on a loan of $3500 for a period of 2 years at an annual rate of 5%.

asked Jan 2, 2021 46.0k views

1 vote

3.8k points

Please log in or register to add a comment.

3 votes

Monthly loan payment is 153.55

Tobiasdm answered Jan 5, 2021

4.5k points

3 votes

Answer:

Monthly loan payment is $153.55 for 24 payments at 5%

Explanation:

Richard Irons answered Jan 7, 2021

4.0k points

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

4.4m questions

5.7m answers