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Reese takes out a loan of $43,350 which earns 4% simple interest yearly. How much interest will she owe on the loan after 4 years? $6,936.00 $1,734 $4,335.00 $50,286.00
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Reese takes out a loan of $43,350 which earns 4% simple interest yearly. How much interest will she owe on the loan after 4 years?

$6,936.00

$1,734

$4,335.00

$50,286.00

User King Julien
by
7.9k points

1 Answer

3 votes

Answer:

$6,936.00

Explanation:

.04 x $43,350 = $1,734

$1,734 x 4 equals the answer: $6,936.00

User Ardavel
by
7.8k points
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