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anastassius [24]
2 years ago
6

Meredith borrows $12,560 and pays 2 percent simple interest each year for 4 years. What is the total amount of interest that she

will pay on the loan?
$251.20
$1,004.80
$11,555.20
$13,564.80
Mathematics
2 answers:
Anton [14]2 years ago
8 0
2% of 12,560 would give you 251.2 and 251.2 X 4 = 1004.8 so your answer is B
abruzzese [7]2 years ago
6 0

Meredith borrow 12,560 so if you do some basic calculations, %2 of that is 251.20 dollars of interest per year

The total amount of interest she will pay for 4 years (251.20 x 4) is 1004.80 dollars for 4 years.

<em>your welcome :)</em>

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