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3 years ago

9

Erica recieves a $4,300 loan for her tuition which charges simple interest annually at a rate of 4.4%. How much interest will Er

ica pay on the loan over the course of 5 years? a $350 b $189.20 c $9,460 d $946

1 answer:

Scrat [10]3 years ago

4 0

Answer:

d) $946

Step-by-step explanation:

4.4% of 4300 = 189.2

simple interest is the value (189.2) x the amount of years (5)

189.2 x 5 = 946

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