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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 ​
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5 votes
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 ​

User Skyjacks
by
4.9k points

1 Answer

3 votes

Answer:

560

The formula for interest is I=prt

so 4000×7/100×2=560

User Binyamin
by
4.8k points
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