Answered

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Joey borrowed $2,750 from
the bank at 5% simple interest
for 5 years. How much is Joey
going to pay in interest?

Sagot :

Answer:

Simple Interest: $3.44

Annually Compounded Interest: $3.51

2151982

Answer:

Joey is going to pay $687.5

In all Joey is going to pay $3437.5

Step-by-step explanation:

To get 687.5 you have to do $2750 x 0.05 x 5 years

That gets you 687.5

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