Register

Gerry is borrowing money from a friend at a simple interest rate of 4%. If she borrows $2000 and plans to pay it back in 2 years, how much interest will she owe?

Gerry is borrowing money from a friend at a simple interest rate of 4%. If she borrows $2000 and plans to pay it back in 2 years, how much interest will she owe?
asked 211k views
5 votes
Gerry is borrowing money from a friend at a simple interest rate of 4%. If she borrows $2000 and plans to pay it back in 2 years, how much interest will she owe?

asked
User Darkhorse
by
8.4k points

1 Answer

5 votes
I= prt
I= 2000 x 2 x .04
Interest is $160
Total it'll be $2160
answered
User Unmitigated
by
8.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!