mrs Stuart borrowed $4,000 from Commonwealth Bank for some furniture her loan is for 2 years at an interest rate of 7%, how much interest will she pay

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Teki asked Jun 5, 2023

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mrs Stuart borrowed $4,000 from Commonwealth Bank for some furniture her loan is for 2 years at an interest rate of 7%, how much interest will she pay

Mathematics
high-school

Teki asked Jun 5, 2023

by Teki

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21 votes

Answer:

560

The formula for interest is I=prt

so 4000×7/100×2=560

Avacariu answered Jun 11, 2023

by Avacariu

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