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CaHeK987 [17]
4 years ago
15

Lonnie reds extra money to buy a truck to start up a delivery service. He takes out a simple interest loan for $5000.00 for 9 mo

nths at a rate of 5.25%. How much interest must he pay, & what is the future value of the loan?
Mathematics
1 answer:
UkoKoshka [18]4 years ago
4 0
Well, to find the loan or the Interest,  so you would multiply 5,000 times 9 times .0525 and you would get 23,625 is the Interest, and you would have to pay 2,625.

Hope this helps :)
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