Jen borrows $4,000 from her bank. She has a simple interest loan at a 5% interest rate and will pay it back over 4 years. How much interest will she pay on this loan?

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asked Oct 25, 2021 109k views

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Jen borrows $4,000 from her bank. She has a simple interest loan at a 5% interest rate and will pay it back over 4 years. How much interest will she pay on this loan?

Mathematics
college

Omar Alshaker asked

by Omar Alshaker

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Answer:

depends on how much she pays per month, anywhere from $16.67-$583,179.69

Arhowk answered Oct 31, 2021

by Arhowk

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