Question

Joe borrowed $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 8 years?

Answer 1

$1120

Explanation:

Please let me know if you want me to add an explanation as to why this is the answer. I can definitely do that, I just don’t want to waste my time in case you don’t want me to :)

Answer 2

Do 2000 x 8

Explanation:

16,0000