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Today at 7:01 PM
Mathematics

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If you borrow $1,700 at 7% simple interest, how much interest will you pay
A $7.00
B $1819
C $119
D 120

Answer :

Today at 7:06 PM

i think the correct answer it is D

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CrazyKauaiBird CrazyKauaiBird

Today at 7:07 PM

Write an equation. 1700 is your starting rate. 1.07 is your interest (1 is no increase). If you do it for one month

1700(1.07)^1 = 1819

You will pay $119 or C

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