Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

Arlene borrows $400 on a 4-year loan. She is charged 5% simple
interest per year. How much interest is she charged for 4 years? What
is
the total amount she has to pay back?
I


Sagot :

Answer:

For 4 years she is charged $20. She has to pay back $420

Step-by-step explanation:

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.