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Hesutu borrows $1250 at an interest rate of 7.5% per year for 4 years. How much simple interest will he pay?

Hesutu borrows $1250 at an interest rate of 7.5% per year for 4 years. How much simple interest will he pay?
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2 votes
Hesutu borrows $1250 at an interest rate of 7.5% per year

for 4 years. How much simple interest will he pay?

User Christian Burgos
by
8.1k points

1 Answer

12 votes

Answer:

$375 375

Explanation:

1250 x 7.5% =93.75

93.75 x 4 =

User PleasantD
by
8.8k points
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