NaiaraJ423571 NaiaraJ423571

04-11-2022
Mathematics

Answered

X 1.5. MR-9 Thang decided to borrow $7000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 7%. How much interest will Thang pay? Thang will pay $ interest.

Answer :

JamesaT551328 JamesaT551328

04-11-2022

7% of $7000 is

[tex]\frac{7}{100}\times7000=490[/tex]

Hence, Thang will pay $490 interest.

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