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Sauron [17]
3 years ago
10

You borrow $1,000 on a simple interest loan. You pay an annual rate of 3.5%. You will take 3 years to pay back the loan. How muc

h interest will you pay?
Mathematics
1 answer:
Oliga [24]3 years ago
8 0
3.5% of $1000 is $35 a year so $35 x 3 years is $105 interest you will pay in 3 years
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Answer:

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Step-by-step explanation:

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