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Santa borrowed $6,800 from a bank to buy new reindeer. The interest rate is 6.5% and will be paid back over 5 years. How much interest will Santa have to pay to the bank for thi…

Santa borrowed $6,800 from a bank to buy new reindeer. The interest rate is 6.5% and will be paid back over 5 years. How much interest will Santa have to pay to the bank for thi…
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Santa borrowed $6,800 from a bank to buy new reindeer. The interest rate is 6.5% and will be paid back over 5 years. How much interest will Santa have to pay to the bank for this loan?

A.$2,210.00
B.$88.40
C.$4,420,00

asked
User Mdewitt
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1 Answer

3 votes

Answer:c

Explanation:

answered
User Stanojkovic
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