Asked by kayla

If you borrow $1,700 at 7% simple interest, how much interest will you pay?

A. $7.00
B. $120
C. $119
D. $1819

1,700x0.07

i chose c but i wanted to make sure

Answered by MathMate
(C) is correct for a term of one year, which is not specified in the question.
Answered by kayla
Thank you!
Answered by MathMate
You're welcome!