Tameka is seeking a loan with a simple interest rate of 8% per year. If she borrows $5,000, how much interest will she be charged after 24 months?

asked Dec 5, 2022 149k views

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Answer:

$800

Explanation:

5000 × 8% = $400(interest in a year)

400 × 2 = $800(24 months=2years)

Wendelin answered Dec 10, 2022

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