Asked by Anonymous

Lisa takes a loan of $10,500 at a 9% simple interest rate for 7 years.

a. How much interest will she pay after 3 years?
b. how much interest will she pay in total for the loan?

a. $2,835.00; $6,615.00
b. $8,280.00; $9,720.00
c. $13,598.00; $19,194.00***
d. $28,350.00; $66,150.00

Answered by Ms. Sue
No. The question asks for the amount of interest she'll pay.

I = prt
I = 10,500 * 0.09 * 3
I = 2,835
Answered by Anonymous
So a. right! I thought that 1st after i calculated it then i thought I was wrong!
Answered by Ms. Sue
Yes. A is right.
Answered by Bobby
Thxs I get it now
Answered by mu nime is idk
thnx
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