Elsie's aunt borrows $400 with an interest rate of 1.5%. How much interest will she pay after 4 years?

asked Apr 17, 2023 9.5k views

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Answer: $24 after 4 years

Explanation:

1.5% = 0.015

Take 400 times 0.015 = $6 per year

6 times 4 = $24 after 4 years

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