Rondel's parents borrow $5000 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan? $600.00 $500.00 $480.00 $540. - QAmmunity.org

Rondel's parents borrow $5000 from the bank for a new car. The interest rate is 6% per year. How much simple interest will they pay if they take 2 years to repay the loan? $600.00 $500.00 $480.00 $540.

asked Jan 26, 2022 162k views

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