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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 $11,555.2…

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 $11,555.2…
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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
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