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You loan your nephew $475 for 2 ½ years. He agrees to pay 2% interest. How much interest does he pay you for the privilege of borrowing money?

You loan your nephew $475 for 2 ½ years. He agrees to pay 2% interest. How much interest does he pay you for the privilege of borrowing money?
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4 votes
You loan your nephew $475 for 2 ½ years. He agrees to pay 2% interest. How much interest does he pay you for the privilege of borrowing money?

User GenericJam
by
8.5k points

1 Answer

3 votes

Answer:

$9.5

Step-by-step explanation:

tell me if it was right

User Tabbek
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