Sally is seeking a loan with a simple interest rate of 8% per year. If she wants to borrow $5,000, then how much will she be charged in interest for 2 years.

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asked Dec 27, 2022 4.0k views

17 votes

Sally is seeking a loan with a simple interest rate of 8% per year. If she wants to

borrow $5,000, then how much will she be charged in interest for 2 years.

Mathematics
high-school

Kelm asked

by Kelm

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1 Answer

9 votes

The correct answer is 800

Nickil Maveli answered Dec 31, 2022

by Nickil Maveli

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