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Westkost [7]
3 years ago
15

Jane gets a simple interest loan for $2500. If the bank charges 3% interest rate how much will her balance be after 5 years?

Mathematics
1 answer:
Degger [83]3 years ago
6 0
2500 divided by 100 is 25. If you multiply 25 times 3 you'll get 75. Repeat those steps (answers will be different each time) five times. You will get the answer.

Don't want to do that? OK! I'll do it for you!

Answer: <span>2577.31958575</span>
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