SOLUTION: solve and check What interest will you pay on a $4900 loan for 1 year if the interest rate is 7%?

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Question 86842: solve and check
What interest will you pay on a $4900 loan for 1 year if the interest rate is 7%?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What interest will you pay on a $4900 loan for 1 year if the interest rate is 7%?
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Interest = .07*4900 = $343.00
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Cheers,
Stan H.