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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Oct 25, 2021 109k views

4 votes

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

7.8k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 votes

Answer:

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

Arhowk answered Oct 31, 2021

by Arhowk

7.3k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.2m questions

10.9m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions