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

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

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