Question

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

Answer 1

$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: