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Mathematics 7 Online
OpenStudy (anonymous):

How much interest will be paid in 1 year for a loan of $3600 at 8 1/2% simple interest?

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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