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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
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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
8.6k points

1 Answer

4 votes

Answer:

ok so add the 25.00 and subtract by 5

Explanation:

25-5=$ 20

User Rameez Rami
by
8.6k points
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