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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?
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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
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1 Answer

13 votes

Answer:

Simple interest=$400

Explanation:

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Elsa and Anna want to open up an ice business. They borrow $4,000 to start the new-example-1
User The Sasquatch
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