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Ms. Gonzalez borrowed $4,500 from her bank to buy a jet ski. The loan has an 8.5% annual simple interest rate. If it takes Ms. Gonzalez two years to pay back the loan, what is the total amount she will
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5 votes
Ms. Gonzalez borrowed $4,500 from her bank to buy a jet ski. The loan has an 8.5% annual simple interest rate. If it takes Ms. Gonzalez two years to pay back the loan, what is the total amount she will pay?

User Sgoran
by
5.2k points

1 Answer

6 votes

Answer:

765

Explanation:

4500x8,5= 38250/100=382,5 x2= 765

User Len Greski
by
4.6k points
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