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Kaylee borrows 700 dollars from her dad to buy a new phone. She has to pay him back in 2 years with a 2% simple intrest rate. How much interest will she have to pay?

Kaylee borrows 700 dollars from her dad to buy a new phone. She has to pay him back in 2 years with a 2% simple intrest rate. How much interest will she have to pay?
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3 votes
Kaylee borrows 700 dollars from her dad to buy a new phone. She has to pay him back in 2 years with a 2% simple intrest rate. How much interest will she have to pay?

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User Jakub Linhart
by
7.7k points

1 Answer

7 votes

The interest she will have to pay is $28.

answered
User Constantant
by
8.7k points
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