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You obtain a simple interest loan from National city for $2500 at 7.6% for 5 years. Find the amount of interest on the loan

You obtain a simple interest loan from National city for $2500 at 7.6% for 5 years. Find the amount of interest on the loan
asked 9.6k views
3 votes
You obtain a simple interest loan from National city for $2500 at 7.6% for 5 years. Find the amount of interest on the loan

asked
User Shubhangi
by
7.6k points

1 Answer

6 votes

Answer:

950

Explanation:

2500(0.076)(5) = 950

answered
User Anshita Singh
by
8.4k points
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