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What is the simple interest if $1,000 is borrowed for 5 years at 5 % interest?

What is the simple interest if $1,000 is borrowed for 5 years at 5 % interest?
asked 72.9k views
5 votes
What is the simple interest if $1,000 is borrowed for 5 years at 5 % interest?

asked
User Parik Dhakan
by
7.5k points

1 Answer

3 votes

Explanation:

A= $1250

Converting R percent to R a decimal

What is the simple interest if $1,000 is borrowed for 5 years at 5 % interest?-example-1
answered
User Punith Raj
by
7.7k points
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