Ariane borrows $300 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?

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asked Dec 27, 2022 82.1k views

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Ariane borrows $300 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?

Mathematics
high-school

Uzzal Podder asked

by Uzzal Podder

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I’m pretty sure 480...

Sonarforte answered Jan 1, 2023

by Sonarforte

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