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Joe borrowed $4,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 8 years? In 8 years, Joe pays $ in interest.
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Joe borrowed $4,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 8 years?

In 8 years, Joe pays $
in interest.

User Jlcv
by
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2 Answers

1 vote
He payed 2,560$ in 8 years
User Drew
by
7.1k points
1 vote
joe pays $2240 of interest in 8 years
User Utsikko
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