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Author Question: Suppose you borrow $7500 for a term of five years at simple interest and % APR. How much is the ... (Read 112 times)

Caiter2013

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Question 1

Suppose you borrow $2225 for a term of seven years at simple interest and 3.36% APR. How much is the total (principal plus interest) you must pay back on the loan?
◦ $52.33
◦ $2748.32
◦ $523.32
◦ $5233.20
◦ $2277.33

Question 2

Suppose you borrow $7500 for a term of five years at simple interest and % APR. How much is the total (principal plus interest) you must pay back on the loan?
◦ $309.38
◦ $3093.75
◦ $8118.75
◦ $7809.38
◦ $10,593.75


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Marked as best answer by Caiter2013 on May 5, 2020

nathang24

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Caiter2013

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Reply 2 on: May 5, 2020
Wow, this really help


nguyenhoanhat

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Reply 3 on: Yesterday
Excellent

 

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