Sally pays 0.5% per week interest on a loan of £6o How much interest has she paid after 20 weeks?

asked Mar 17, 2022 90.7k views

4 votes

Sally pays 0.5% per week interest on a loan of £6o

How much interest has she paid after 20 weeks?

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3 votes

Answer:

6 £

Explanation:

Principal loan amount x Interest rate x Time (aka Number of weeks in term) = Interest.

0.5% = 0.005

60 × 0.005 × 20 = 6

Northern answered Mar 24, 2022

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