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Jay 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 he will pay on this loan?

Jay 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 he will pay on this loan?
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5 votes
Jay 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 he will

pay on this loan?

User Ziwei
by
7.4k points

1 Answer

4 votes
2k/100% x6x24=$2,880 i think
User GWW
by
8.5k points
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