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3 years ago

6

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:

vlada-n [284]3 years ago

5 0

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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