Question

Joe borrowed $5,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 7 years?

someone please answer i would appreciate it ! i will give brainilist <33

Answer 1

I got $2450 when I did the math

Answer 2

$2450

Explanation:

7% of 5000 is 350 which means that she would be paying $350 a year and so if you multiply the amount she pays a year ($350) you would get $2450.

I hope this helps.