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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? *

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? *
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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? *

User Olee
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1 Answer

5 votes

Answer:

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

User ViKiG
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