Question

On a five-year loan of $2,000 with an interest rate of 5%, how much total interest will you pay?

Answer 1

Answer:

40001/20

Step-by-step explanation:

might want to fact check it just in case.

Answer 2

Answer:

The answer i got after caculating is 500 because a one year interest is 100 so times it by 5 will get you 500