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Joanna wants to buy a car her parent loan her 5,000 for 5 years at 5% simple interest how much will joanna pay in intrest

Joanna wants to buy a car her parent loan her 5,000 for 5 years at 5% simple interest how much will joanna pay in intrest
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1 vote
joanna wants to buy a car her parent loan her 5,000 for 5 years at 5% simple interest how much will joanna pay in intrest

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User Kent Hu
by
8.1k points

1 Answer

2 votes
5% X 5 years = 25%.... 25% of 5000= 1250
answered
User Maxim Kim
by
8.2k points
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