Ask Question
7 February, 23:55

Steph took out a simple interest loan that charges 8.5% interest annually. If her loan amount was for $30000. And she is paying off the loan over 29 years, how much will she pay altogether?

+5
Answers (1)
  1. 8 February, 01:04
    0
    Answer:I = 30,000*0.085*29

    I=73,950

    Amount = 73950+30000

    $37,950
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Steph took out a simple interest loan that charges 8.5% interest annually. If her loan amount was for $30000. And she is paying off the ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers