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You borrow $500 to buy a computer. The simple interest rate is 15%. You pay off the loan after 4 years. How much do you pay for the loan?

You borrow $500 to buy a computer. The simple interest rate is 15%. You pay off the loan after 4 years. How much do you pay for the loan?
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You borrow $500 to buy a computer. The simple interest rate is 15%. You pay off the loan after 4 years. How much do you pay for the loan?

asked
User Evading
by
8.3k points

2 Answers

4 votes

Answer:

800

Explanation:

answered
User Mkiever
by
8.2k points
1 vote

Answer:

133.33

Explanation:

sorry if im incorrect

answered
User Abbasov Alexander
by
8.3k points
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