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Julie borrowed $3,500 for 3 years at 7% simple interest rate. How much interest is that? *

Julie borrowed $3,500 for 3 years at 7% simple interest rate. How much interest is that? *
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2 votes
Julie borrowed $3,500 for 3 years at 7% simple interest rate. How much interest is that? *

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User Scott Boettger
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7.8k points

1 Answer

1 vote
It would be $787.50 interest
answered
User Satendra Rawat
by
8.7k points
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