Macaroniandcheeseyum
Macaroniandcheeseyum Macaroniandcheeseyum
  • 14-02-2022
  • Mathematics
contestada

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

*!The answer is not $1,109.80 i tried it was the incorrect answer..*

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harrylendrum
harrylendrum harrylendrum
  • 15-02-2022

Answer:

$7768.6

Step-by-step explanation:

multiply 3580 by 0.31 (31%) and then multiply that by 7 to give you 7768.6

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