Register

Calculate the simple interest on a loan of $3500 for a period of 2 years at an annual rate of 5%.

Calculate the simple interest on a loan of $3500 for a period of 2 years at an annual rate of 5%.
asked 46.0k views
1 vote
Calculate the simple interest on a loan of $3500 for a period of 2 years at an annual rate of 5%.

asked
User Darlene
by
7.8k points

2 Answers

3 votes
Monthly loan payment is 153.55
answered
User Tobiasdm
by
8.1k points
3 votes

Answer:

Monthly loan payment is $153.55 for 24 payments at 5%

Explanation:

answered
User Richard Irons
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!