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Ernie Rolph borrowed ​$6700 at 4​% annual simple interest. If exactly 1 year later he was able to repay the loan without​ penalty, how much interest would he​ owe? Ernie will ow…

Ernie Rolph borrowed ​$6700 at 4​% annual simple interest. If exactly 1 year later he was able to repay the loan without​ penalty, how much interest would he​ owe? Ernie will ow…
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Ernie Rolph borrowed ​$6700 at 4​% annual simple interest. If exactly 1 year later he was able to repay the loan without​ penalty, how much interest would he​ owe? Ernie will owe ​$___ in interest.

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User Forge Web Design
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7.5k points

1 Answer

4 votes

Ernie will owe an interest of $268

answered
User Tarun Behal
by
8.6k points
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