. Damon convinced his aunt to lend him \$2.000 to purchase a plasma digital TV. She has agreed to charge only 6% simple interest, and he has agreed to repay the loan at end of one year. How much interest will he pay for the year?
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User: . Damon convinced his aunt to lend him \$2.000 to purchase a plasma digital TV. She has agreed to charge only 6% simple interest, and he has agreed to repay the loan at end of one year. How much interest will he pay for the year?

Weegy: \$120 will be the interest
Polanight|Points 100|

User: You just bought a used car for \$3.500 from your cousin. He agreed to let you make payment for 3 years with simple interest at 7%. How much interest will you pay?

Weegy: \$3500 * .07 * 3 = \$735. You will pay \$735 in interest.

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