3 years ago

Joe borrowed $5,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 7 years?

Mathematics

2 answers:

yaroslaw [1]3 years ago

5 0

Answer:

$2450

Step-by-step explanation:

7% of 5000 is 350 which means that she would be paying $350 a year and so if you multiply the amount she pays a year ($350) you would get $2450.

I hope this helps.

ExtremeBDS [4]3 years ago

4 0

I got $2450 when I did the math

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