kmforshey
contestada

Pat borrowed $2000 to help pay college expenses. The interest rate was 5% annually, and she will repay the loan in 4 years. How much total interest will she pay during the 4 years?

Respuesta :

grace26maurice

Step-by-step explanation:

5% multipyed by 4 years is 20%

20% of 2000 is 400

talkingtimebomb

Answer:

the amount of interest she pays is 400 dollars

Step-by-step explanation:

Since 5 percent of 2000 is 100

I multiplied 100 by 4 because she waits 4 year to pay it off

which equals 400

(this is extra in case I misunderstood the question lol)

I added 400 to the initial cost of 2000

which is 2400

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