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2 years ago

5

You decide to borrow $500 to go on a trip. You go to the bank and borrow the money at 11% for 2 years. Find the interest you wil

l pay on the loan.

2 answers:

Tcecarenko [31]2 years ago

4 0

$500_100%
X$___11%

11 x 500
————— = 55 $
100

juin [17]2 years ago

4 0

It would be 55$ for just one year & for 2 years 55 x 2= 110$

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