Register

Meredith borrows $12,560 and pays 2 percent simple interest each year for 4 years. What is the total amount of interest that she will pay on the loan? $251.20 $1,004.80 $11,555.…

Meredith borrows $12,560 and pays 2 percent simple interest each year for 4 years. What is the total amount of interest that she will pay on the loan? $251.20 $1,004.80 $11,555.…
18.0k views
5 votes
Meredith borrows $12,560 and pays 2 percent simple interest each year for 4 years. What is the total amount of interest that she will pay on the loan? $251.20 $1,004.80 $11,555.20 $13,564.80

User Atif Tariq
by
8.4k points

2 Answers

4 votes

Answer:

Explanation:

C. $11,555.20

User Katedral Pillon
by
8.4k points
5 votes

Answer:

C

Explanation:

User Pille
by
8.5k 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.

9.4m 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
How do you estimate of 4 5/8 X 1/3
Link Copied!