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Arlene borrows $400 on a 4-year loan. She is charged 5% simple interest per year. How much interest is she charged for 4 years? What is the total amount she has to pay back? I
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Arlene borrows $400 on a 4-year loan. She is charged 5% simple

interest per year. How much interest is she charged for 4 years? What
is
the total amount she has to pay back?
I

User Silas Reinagel
by
7.7k points

1 Answer

4 votes

Answer:

For 4 years she is charged $20. She has to pay back $420

Explanation:

User Serhii Holinei
by
7.4k points
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