Q: You wish to borrow $2500 at an interest rate of 3.5% for 2 years. How much will you pay in interest for the loan?
A)$2675
B)$175
C)$26.75
D)$17.50

A: I = $2500 * .035 * 2 = $ 175.00. Answer is $175.00

jameshand|Points 1549|

AngelInDisguise|Points 5104|

migzptz|Points 5500|

migzptz|Points 5500|

migzptz|Points 5500|

migzptz|Points 5500|

katherinerose|Points 0|

Question

Asked 3/24/2012 1:20:36 PM

0 Answers/Comments

Rating

There are no new answers.

27,009,461 questions answered

There are no comments.