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J has a loan of $42,350. This loan has a simple interest rate of 8% per year. What is the amount of interest that will be charged on this loan at the end of two years?
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Aug 24, 2021
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J has a loan of $42,350. This loan has a simple interest rate of 8% per year. What is the amount
of interest that will be charged on this loan at the end of two years?
Mathematics
high-school
Erlesand
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Answer:
6776
Explanation:
8℅ = 0.08
0.08 x 42350 = 3388
3388 x 2 = 6776
Pepero
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Aug 29, 2021
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Pepero
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