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Find the simple interest paid for 7 years on a $600 loan at 5% per year.

Find the simple interest paid for 7 years on a $600 loan at 5% per year.
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Find the simple interest paid for 7 years on a $600 loan at 5% per year.

asked
User Rohan Sawant
by
7.2k points

1 Answer

2 votes

Answer:

210

Explanation:

600 x 0.05 (that is 5%) = 30 (interest per year)

30 x 7 = 210

answered
User Fhbi
by
8.4k points
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