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Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years? A) $144.00 B) $288.00 C) $1152.00 D) $2952.00

Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years? A) $144.00 B) $288.00 C) $1152.00 D) $2952.00
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3 votes
Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years?

A) $144.00
B) $288.00
C) $1152.00
D) $2952.00

User Florieger
by
8.2k points

2 Answers

1 vote

Answer:

C) $1152.00

Explanation:

User Leonardo Andrade
by
8.4k points
7 votes
The correct answer is b because if you multiply 1800 by 0.16 then you get 288
User Steve Jackson
by
8.4k points
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