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If Stephen borrows $8400 for 3 years at a simple interest rate of 7% per year, how much interest will he have to pay for this loan for the 3 years ?

If Stephen borrows $8400 for 3 years at a simple interest rate of 7% per year, how much interest will he have to pay for this loan for the 3 years ?
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If Stephen borrows $8400 for 3 years at a simple interest rate of 7% per year, how much interest will he have to pay for this loan for the 3 years ?

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User Yotka
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1 Answer

2 votes

Answer: $1,764 in interest, 10,164 in total with interest

Explanation:

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User Mortana
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