Cam borrows $1,00 from her bank. She will pay back the loan at a simple annual interest rate of 4% over 4 years. How much will she pay back altogether?

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asked Apr 10, 2022 65.4k views

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Cam borrows $1,00 from her bank. She will pay back the loan at a simple annual interest rate of 4% over 4 years. How much will she pay back altogether?

Mathematics
college

Joe Halliwell asked

by Joe Halliwell

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do u mean $100 or $1000? If u meant $100 4% = $4 multiply by 4 = $16 (total interest) altogether 100 + 16 = $116.

Sindhara answered Apr 16, 2022

by Sindhara

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