Register

You obtain a simple interest loan from National city for $2500 at 7.6% for 5 years. Find the amount of interest on the loan

You obtain a simple interest loan from National city for $2500 at 7.6% for 5 years. Find the amount of interest on the loan
9.6k views
3 votes
You obtain a simple interest loan from National city for $2500 at 7.6% for 5 years. Find the amount of interest on the loan

User Shubhangi
by
7.6k points

1 Answer

6 votes

Answer:

950

Explanation:

2500(0.076)(5) = 950

User Anshita Singh
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!