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Mrs Stuart borrowed $4,000 from Commonwealth Bank for some furniture her loan is for 2 years at an interest rate of 7%, how much interest will she pay ​

Mrs Stuart borrowed $4,000 from Commonwealth Bank for some furniture her loan is for 2 years at an interest rate of 7%, how much interest will she pay ​
asked 198k views
5 votes
mrs Stuart borrowed $4,000 from Commonwealth Bank for some furniture her loan is for 2 years at an interest rate of 7%, how much interest will she pay ​

asked
User Skyjacks
by
8.0k points

1 Answer

3 votes

Answer:

560

The formula for interest is I=prt

so 4000×7/100×2=560

answered
User Binyamin
by
8.2k points
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