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3 years ago

12

Jonah took out a four year loan for $22,000 to help pay for college. He has to pay 5% simple interest on the loan. How much will

he have to pay back at the end of the four years?

1 answer:

suter [353]3 years ago

6 0

Answer:

26,400

Step-by-step explanation:

1) Find 5% of 22,000 by multiplying 22,000 by .05. You should get 1100.

2) Multiply that by 4. (4400)

3) Now add that to the original.

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