Question

Olaf's friend agreed to lend him some money to start a business. He has

been kind to offer him $25,000 with a low simple interest rate of 1%. If Olaf
doesn't make any payments for 5 years, how much interest will have
accrued? *

Answer 1

ok so add the 25.00 and subtract by 5

Explanation:

25-5=$ 20