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What is the amount of interest you would pay annually on a compounded interest loan amount $2400 on a 7% loan?

What is the amount of interest you would pay annually on a compounded interest loan amount $2400 on a 7% loan?
asked 1.5k views
5 votes
What is the amount of interest you would pay annually on a compounded interest loan amount $2400 on a 7% loan?

asked
User Taxist Samael
by
7.9k points

1 Answer

6 votes
I=2,400×0.07
I=168
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answered
User Razib
by
8.4k points
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