Joy borrowed $2,000 from the bank and agreed to pay an annual interest rate of 6%for 24 months. What is the amount Of interest she will pay on this loan?

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asked Aug 3, 2022 211k views

9 votes

Joy borrowed $2,000 from the bank and agreed to pay an annual interest rate of 6%for 24 months. What is the amount Of interest she will pay on this loan?

Mathematics
college

Chasew asked

by Chasew

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2 Answers

5 votes

Answer:

2,240

Explanation:

6% of 2,000 is 120 so times that by 2

Alex Robinson answered Aug 4, 2022

by Alex Robinson

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6 votes

Answer:

$240.00

Explanation:

2000(.06)(2)=240

Angloos answered Aug 8, 2022

by Angloos

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