No. The question asks for the amount of interest she'll pay.
I = prt
I = 10,500 * 0.09 * 3
I = 2,835
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
5 answers
So a. right! I thought that 1st after i calculated it then i thought I was wrong!
Yes. A is right.
Thxs I get it now
thnx
2 answers