Micah has a loan of $6,720. This loan has a simple interest rate of 3.5% per year. What is the amount of interest that Micah wil
l be charged on this loan at the end three years?
1 answer:
Answer: $20,265
Micah will be charged $20,265 over the course of 3 years
Step-by-step explanation:
6,720 + 3.5% = 6,755
6,775 x 3 = 20,265
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