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Chris is taking out a loan for $2500 with a simple interest rate of 7% for 36 months. How much interest will he have to pay at the end of the loan period? *

Chris is taking out a loan for $2500 with a simple interest rate of 7% for 36 months. How much interest will he have to pay at the end of the loan period? *
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Chris is taking out a loan for $2500 with a simple interest rate of 7% for 36 months. How much interest will he have to pay at the end of the loan period? *

User Mickey Puri
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1 Answer

6 votes
Chris will have to pay back $2,675. you do 2500x7%=175+2500
User DenNukem
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