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?
2 answers:
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.
I got $2450 when I did the math
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I hope this helps you
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