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Cali borrows $2,200 to buy new furniture. If the simple interest rate is 3.5 %, how much interest will she have to pay in 5 years?
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1 vote
Cali borrows $2,200 to buy new furniture. If the simple interest rate is 3.5 %, how much interest will she have to pay in 5 years?

User Nick Gronow
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2 Answers

1 vote
The answer is 385.
3.5% of 2200 = 77 x 5 years = 385
User Petrsyn
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5.7k points
7 votes

I believe the correct answer is $385

User Sevenever
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5.8k points
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