Calculate the simple interest of the following. Mark borrowed $3500 at 5.5% interest for 5 years. How much money will he owe at the end of term? *

asked Apr 4, 2022 78.2k views

1 vote

Calculate the simple interest of the following. Mark borrowed $3500 at 5.5%

interest for 5 years. How much money will he owe at the end of term? *

by Olee

6.4k points

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5 votes

Answer:

He will owe $4,462.50 at the end of term

ViKiG answered Apr 10, 2022

by ViKiG

6.3k points

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