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Ian borrows $3580 at 31% simple interest per year. When Ian pays the loan back 7 years later, how much interest does Ian pay?

Ian borrows $3580 at 31% simple interest per year. When Ian pays the loan back 7 years later, how much interest does Ian pay?
asked 86.8k views
17 votes
Ian borrows $3580 at 31% simple interest per year. When Ian pays the loan back 7 years later, how much interest does Ian pay?

asked
User Moby Duck
by
8.0k points

2 Answers

12 votes
1,108.98 I think lol if it’s wrong sry
answered
User Abhishek Galoda
by
8.9k points
5 votes

Answer:

$1,109.80

Explanation:

$3580 times 31% = 1,109.80+ 3580 = $4,689.80

answered
User InSync
by
7.8k points
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