SOLUTION: If you borrow $6.65 for six years at an interest rate of 10%, how much interest will you pay? Could you please explain how and what steps to get your answer. i am really confus

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: If you borrow $6.65 for six years at an interest rate of 10%, how much interest will you pay? Could you please explain how and what steps to get your answer. i am really confus      Log On

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Question 1149495: If you borrow $6.65 for six years at an interest rate of 10%, how much
interest will you pay?
Could you please explain how and what steps to get your answer. i am really confused.
THANK YOU SO MUCH!

Answer by ikleyn(52748) About Me  (Show Source):
You can put this solution on YOUR website!
.

The lesson
    - Simple interest percentage problems
in this site explains it in all details for you (and for free).