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Abbie borrows $3,216 at a rate of 645% per year. How much simple interest will she owe if it takes 2 years to repay the loan? Round your answer to the nearest cent.

Abbie borrows $3,216 at a rate of 645% per year. How much simple interest will she owe if it takes 2 years to repay the loan? Round your answer to the nearest cent.
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Abbie borrows $3,216 at a rate of 645% per year. How much simple interest will she owe if it takes 2 years to repay the loan? Round your answer to the nearest cent.

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User Anders Cedronius
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1 Answer

8 votes

Answer: 499.0

Explanation:

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User Entity
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