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Edgar takes out a loan of $5,540, to be repaid over 7 years at 8.5% simple interest. How much interest will Edgar have to pay on the loan?​

Edgar takes out a loan of $5,540, to be repaid over 7 years at 8.5% simple interest. How much interest will Edgar have to pay on the loan?​
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4 votes
Edgar takes out a loan of $5,540, to be repaid over 7 years at 8.5% simple interest. How much interest will Edgar have to pay on the loan?​

asked
User Kidbilly
by
7.9k points

1 Answer

1 vote

Answer:

$3,296.30

Step-by-step explanation:

answered
User Sourcerer
by
8.8k points
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