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Tameka is seeking a loan with a simple interest rate of 8% per year. If she wants to borrow $5,000, then how much will she be charged in interest after 24 months?

Tameka is seeking a loan with a simple interest rate of 8% per year. If she wants to borrow $5,000, then how much will she be charged in interest after 24 months?
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2 votes
Tameka is seeking a loan with a simple interest rate of 8% per year. If she wants to borrow $5,000, then how much will she be charged in interest after 24 months?

User ManOVision
by
7.2k points

2 Answers

3 votes

Answer: D

Explanation:

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User Babie
by
8.3k points
4 votes

Answer:

$800

Explanation:

User Kyle Zaragoza
by
7.7k points
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