Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.


Vidal borrows $25,000 from the bank to fund his college education. The interest rate is
6.8%. How much interest will he accrue over four years?


Sagot :

The amount of interest he would accrue over the four years is $6800.

What is the interest?

Interest is the cost of borrowing. It is the amount of money that the borrower pays the lender for use of his funds.

Interest = amount borrowed x interest rate x number of years

25,000 x 4 x 0.068 = $6800

To learn more about interest, please check: https://brainly.com/question/26164549

#SPJ1

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.