3 years ago

What is the interest you will pay if you borrowed $1,250 at 4% interest for 4 years?

Mathematics

2 answers:

AleksAgata [21]3 years ago

8 0

Answer:

$200

Step-by-step explanation:

The formula for calculating interest = principal x interest rate x time

principal is the amount borrowed = $1250

interest rate = 4%

Time = amount of years the money is borrowed for

$1250 x 0.04 x 4 = $200

antiseptic1488 [7]3 years ago

5 0

Answer:

$200

Step-by-step explanation:

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