matthewbaq1201 matthewbaq1201

09-10-2020
Mathematics

contestada

Joe borrowed $4,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 4 year?

In 4 years, joe pays $blank
In interest.

Respuesta :

alexcastellanos2015 alexcastellanos2015

10-10-2020

Answer:

He will pay $640 in interest in 4 years.

Step-by-step explanation:

Yearly interest will be $160

because $4,000 x 7% = $160

$160 x 4 years = $640

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