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Mr. Bohman is taking out a loan so that he can buy more bees. If he takes out a loan of $5,500 at 10% simple interest for 7 years, how much interest will he have to pay

Mr. Bohman is taking out a loan so that he can buy more bees. If he takes out a loan of $5,500 at 10% simple interest for 7 years, how much interest will he have to pay
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Mr. Bohman is taking out a loan so that he can buy more bees. If he takes out a loan of $5,500 at 10% simple interest for 7 years, how much interest will he have to pay

asked
User Joseph Anderson
by
8.1k points

1 Answer

6 votes

Answer:$3850

Step-by-step explanation:fist do 5,500 X 1 =500

Then do 500 X 7 = 3850

answered
User Ricky Kim
by
8.5k points
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