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

4.5k points

Please log in or register to add a comment.

5 votes

Answer:

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

ViKiG answered Apr 10, 2022

by ViKiG

4.2k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers