Ask Question
3 May, 04:49

Sara has a loan for $1800 at a rate of 16% annually. If the interest is not compounded, how much interest will she pay in 4 years?

+3
Answers (1)
  1. 3 May, 05:17
    0
    The answer is $1,152 you get that answer by taking 1,800x. 16x 4 = 1,152 so at simple interest you have $1,152 in interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Sara has a loan for $1800 at a rate of 16% annually. If the interest is not compounded, how much interest will she pay in 4 years? ...” 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