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Jessie borrowed $1800 from the bank at a rate of 7.5% simple interest per year. Over the course of 4 years, how much interest did he pay?

Jessie borrowed $1800 from the bank at a rate of 7.5% simple interest per year. Over the course of 4 years, how much interest did he pay?
asked 210k views
3 votes
Jessie borrowed $1800 from the bank at a rate of 7.5% simple interest per year. Over the course of 4 years, how much interest did he pay?

asked
User Suneesh Jacob
by
7.9k points

1 Answer

3 votes
$540
Step-by-step explanation:
7.5% of 1800 is 135
135 • 4 = 540
answered
User Alexander Dixon
by
8.6k points
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