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A bank offers an annual simple interest rate of 8% on home improvement loans. How much would tobias owe if he borrowed $17,000 over a period of 2 years?

A bank offers an annual simple interest rate of 8% on home improvement loans. How much would tobias owe if he borrowed $17,000 over a period of 2 years?
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A bank offers an annual simple interest rate of 8% on home improvement loans. How much would tobias owe if he borrowed $17,000 over a period of 2 years?

User Rico Suter
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1 Answer

3 votes
Tobias would owe $2720.
User Gontrollez
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