Asked by Anonymous

A credit card company charges 7% simple interest. What is the total interest on a $1,900 loan at the end of two years?
Answered by Ms. Sue
A credit card company expects a minimum payment each month, with interest required on the remaining balance.


Answered by Anonymous
It's a math word problem I need to know what to do. I don't care about that.
Answered by Ms. Sue
I = PRT
I = 1,900 * 0.07 * 2

Answered by Anonymous
Thank you
$266, is this correct?
Answered by Ms. Sue
Yes, that's correct.
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