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8 August, 13:27

A baseball training clinic takes out a loan to build in reception area the loan is for $28,500 at 4.25% for five years how much interest will the clinic pay on the loan

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  1. 8 August, 13:36
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    (4.25/100) * 28500 gives you 4.25% of the loan. Multiply that by 5 (years) and you'll get the answer: $6056.25
  2. 8 August, 13:57
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    The answer would be 1211.25 because 28500 x 0.0425 is equal to that. (don't trust this answer).
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