Ask Question
4 October, 13:19

Trevor borrows $4000 on a 5-

year loan. He is charged 5%

simple interest per year. How

much interest is he charged

for 5 years?

+2
Answers (1)
  1. 4 October, 13:42
    0
    0.25% bc he is charged 5% per year so just multiple 5% times 5=0.25%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Trevor borrows $4000 on a 5- year loan. He is charged 5% simple interest per year. How much interest is he charged for 5 years? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers