LilyWagner LilyWagner
  • 08-01-2021
  • Mathematics
contestada

A restaurant borrowed
$15,000 to remodel.
The loan is for 7 years and
the yearly interest rate is
4.25%. How much interest
will the restaurant pay?

Respuesta :

enada
enada enada
  • 08-01-2021

Answer:

$4462.50

Step-by-step explanation:

simple interest =principal × rate × time\100

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