Question: D Question 7 1 pts Lindsay borrowed a certain amount of money for 6 years at an annual simple interest rate of 3.5%. If the

D Question 7 1 pts Lindsay borrowed a certain amount of money for 6 years at an annual simple interest rate of 3.5%. If the maturity value on the loan was $3,176, what was the total amount interest she paid on the loan? Round your answer to the nearest dollar. D Question 8 1 pts Kenneth borrowed a certain amount of money for 39 months at an annual simple interest rate of 6.5%. If the maturity value on the loan was $4,452, what was the total amount interest he paid on the loan? Round your answer to the nearest dollar
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
