random830
Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Joe borrow $5000 in the bank at a rate of 7% simple interest per year how much interest is paid in two years

Joe Borrow 5000 In The Bank At A Rate Of 7 Simple Interest Per Year How Much Interest Is Paid In Two Years class=

Sagot :

dashelou

Answer:

$700

Step-by-step explanation:

  First, multiply 5,000 times 7:

  5,000 × 7 = 35,000

 

  Since 7% is 0.07, move the decimal place in 35,000 two times:

  35,000.

       

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.