Mathematics, 13.11.2020 04:30 maddigrace3
Franco borrows $400 and will pay 4% simple interest
Write an equation to answer each question
a. What will be the amount of interest if Franco pays back the loan in 1 year?
b. What will be the amount of interest if he pays back the loan in 2 years?
c. If Franco pays off the loan in 2 years, what is the total amount he will pay the lender?
Answers: 1
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Franco borrows $400 and will pay 4% simple interest
Write an equation to answer each question
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