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Thor is currently stuck on earth, so he needs to borrow some money from Tony Stark. Stark lends Thor $1000 for four years at an annual simple interest rate of 5%. How much will …

Thor is currently stuck on earth, so he needs to borrow some money from Tony Stark. Stark lends Thor $1000 for four years at an annual simple interest rate of 5%. How much will …
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Thor is currently stuck on earth, so he needs to borrow some money from Tony Stark. Stark

lends Thor $1000 for four years at an annual simple interest rate of 5%.


How much will Thor owe at the end of the four years?


How much interest did he pay?

User Thriveni
by
9.0k points

2 Answers

4 votes

Answer:

Explanation:

are they compounding?

User Miceuz
by
8.1k points
4 votes
The interest is %50
And he will owe 5k i think
User Matskn
by
8.9k points
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