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Steph took out a simple interest loan that charges 8.5% interest annually. If her loan amount was for $30000. And she is paying off the loan over 29 years, how much will she pay…

Steph took out a simple interest loan that charges 8.5% interest annually. If her loan amount was for $30000. And she is paying off the loan over 29 years, how much will she pay…
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Steph took out a simple interest loan that charges 8.5% interest annually. If her loan amount was for $30000. And she is paying off the loan over 29 years, how much will she pay altogether?

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User XTheWolf
by
7.8k points

1 Answer

7 votes

Answer:I = 30,000*0.085*29

I=73,950

Amount= 73950+30000

$37,950

Explanation:

answered
User Andrew Puglionesi
by
7.8k points
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