Ask Question
29 October, 18:05

You plan to borrow $625 for 2 years at 10% simple interest.

How much interest will you pay on the loan?

+5
Answers (1)
  1. 29 October, 18:16
    0
    Total interest=principle*interest rate*time

    Total interest=625*0.10*2=125
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You plan to borrow $625 for 2 years at 10% simple interest. How much interest will you pay on the loan? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers