Register

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

Sam borrow $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in five years?
8.5k views
4 votes
Sam borrow $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in five years?

User Chris Neilsen
by
7.9k points

2 Answers

3 votes
with 7% i would say that he was paying 150 at a time
User Tim Hettler
by
8.0k points
3 votes
I would say the same thing the person above says.
User Dmitrijs Zubriks
by
8.1k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!