Mr. Bohman is taking out a loan so that he can buy more bees. If he takes out a loan of $5,500 at 10% simple interest for 7 years, how much interest will he have to pay

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asked Mar 7, 2021 21.5k views

2 votes

Mr. Bohman is taking out a loan so that he can buy more bees. If he takes out a loan of $5,500 at 10% simple interest for 7 years, how much interest will he have to pay

Mathematics
high-school

Joseph Anderson asked

by Joseph Anderson

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1 Answer

6 votes

Answer:$3850

Step-by-step explanation:fist do 5,500 X 1 =500

Then do 500 X 7 = 3850

Ricky Kim answered Mar 11, 2021

by Ricky Kim

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