asked 117k views
14 votes
Joe borrowed 2000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5years

asked
User Swadq
by
7.4k points

1 Answer

7 votes
The answer is 700

I used the interest formula I=prt and multiplied all this numbers together
answered
User Flavien Lambert
by
7.0k points
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