Register
Cassandra has a loan of 35,720.This loan has a simple intrest rate of 4% per year.What is the amount of intrest will pay on this loan at the end of 2 year? PLEASE DONT JOKE AROUND THIS IS MY TEST. A. 2,
146k views
3 votes
Cassandra has a loan of 35,720.This loan has a simple intrest rate of 4% per year.What is the amount of intrest will pay on this loan at the end of 2 year? PLEASE DONT JOKE AROUND THIS IS MY TEST.

A. 2,857.60

B. 38,577.60

C. 1,428.80

D. 5,715.20

User Shawn Tabrizi
by
5.7k points

1 Answer

4 votes

Answer:

$2857.60 because when yu multiply the loan times the % yu get 1428.80 because it’s the end of 1 year and the question is asking for the end of 2 years so yu have to double it.

Explanation:

User Crizly
by
6.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!