Register
Elsa and Anna want to open up an ice business. They borrow $4,000 to start the new business. The simple interest rate on the loan is 2.5%. How much interest will they pay after 4 years?
145k views
19 votes
Elsa and Anna want to open up an ice business. They borrow $4,000 to start the new business. The simple interest rate on the loan is 2.5%. How much interest will they pay after 4 years?

User Danoo
by
6.0k points

1 Answer

13 votes

Answer:

Simple interest=$400

Explanation:

In the photo

Elsa and Anna want to open up an ice business. They borrow $4,000 to start the new-example-1
User The Sasquatch
by
6.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

8.9m 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
Paul bought a student discount card for the bus. The card allows him to buy daily bus passes for $1.60. After one month, Paul bought 23 passes and spent a total of $45.80. How much did he spend on the
Which of the following comparisons is false? 5° c is warmer than 5°f. 15° c is cooler than 60° f. 30° c is warmer than 90° f. 35° c is cooler than 100° f.
What is 0.12 expressed as a fraction in simplest form
arlos has $690,000 he wants to save. If the FDIC insurance limit per depositor, per bank, is $250,000, which of these ways of distributing his money between three banks will guarantee that all of his money
Link Copied!