If you borrow $1,700 at 7% simple interest, how much interest will you pay?

2 answers:

5 0

You are paying 7% interest of what you borrow so multiply what you borrow times 7%
1700(.07)= A) 119 in interest
total paid would be 1700 +119

Arlecino [84]3 years ago

5 0

Answer:

The answer is a. 119.

Step-by-step explanation:

To apply the simple interest we have to multiply the loan and the interest, then divide it by 100 % to eliminate the percentage units. In the equation we have:

$\frac{1700*7}{100} =119$

So the interest is going to be a. $119. Because they ar asking for the interest, not the total of loan.

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