Harold wants to borrow $1,400 for 5 years. The interest rate is 9%. How much interest will he pay over the course of the loan? A. $6,300 B. $2,030 C. $630 D. $126

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asked Dec 7, 2021 71.7k views

1 vote

Harold wants to borrow $1,400 for 5 years. The interest rate is 9%. How much interest will he pay over the course of the loan? A. $6,300 B. $2,030 C. $630 D. $126

Mathematics
middle-school

Robert Green MBA asked

by Robert Green MBA

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2 Answers

4 votes

Answer:

630

Explanation:

Christ answered Dec 9, 2021

by Christ

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5 votes

Answer:

$630.00

Explanation:

$1,400.00 x .09 =$126.00 x 5 =$630.00

PSchn answered Dec 11, 2021

by PSchn

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