Register
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
25.3k views
3 votes
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? *

User Supermario
by
3.4k points

1 Answer

4 votes

Answer:

ok so add the 25.00 and subtract by 5

Explanation:

25-5=$ 20

User Rameez Rami
by
3.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.4m questions

4.3m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
A survey of 539 adults aged 18-24 year olds was conducted in which they were asked what they did last Friday night. It found: 189 watched TV 163 hung out with friends 29 watched TV and ate pizza, but did
WHAT IS 33 TIMES 5 TELL ME THE ANWER
Link Copied!