Register
Ernie Rolph borrowed ​$6700 at 4​% annual simple interest. If exactly 1 year later he was able to repay the loan without​ penalty, how much interest would he​ owe? Ernie will owe ​$___ in interest.
141k views
5 votes
Ernie Rolph borrowed ​$6700 at 4​% annual simple interest. If exactly 1 year later he was able to repay the loan without​ penalty, how much interest would he​ owe? Ernie will owe ​$___ in interest.

User Forge Web Design
by
7.9k points

1 Answer

4 votes

Ernie will owe an interest of $268

User Tarun Behal
by
8.6k points
← Prev Question Next Question →

Related questions

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

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!