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OpenStudy (anonymous):
How much interest will be paid in 1 year for a loan of $3600 at 8 1/2% simple interest?
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OpenStudy (anonymous):
3600+8.5%=3906 3906-3600=306 so he will pay 306$ in interest on the 3600 loan
OpenStudy (anonymous):
thank you! :)
OpenStudy (anonymous):
any more questions?
OpenStudy (anonymous):
ummmm not at the moment, thank you! :)
OpenStudy (anonymous):
OK your welcome
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