Ask Question
10 January, 03:16

Gerry is borrowing money from a friend at a simple interest rate of 4%. If she borrows $2000 and plans to pay it back in 2 years, how much interest will she owe?

+5
Answers (1)
  1. 10 January, 03:28
    0
    I = prt

    I = 2000 x 2 x. 04

    Interest is $160

    Total it'll be $2160
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Gerry is borrowing money from a friend at a simple interest rate of 4%. If she borrows $2000 and plans to pay it back in 2 years, how much ...” 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