j1joJAYannamaylaBan j1joJAYannamaylaBan

05-09-2016
Mathematics

Answered

Andrew has a four-year college loan for $20,000. The lender charges a simple interest rate of 5 percent. How much interest will he have to pay?

simple interest = P × r × t

Verified Answer :

camb2016 camb2016

06-09-2016

(20,000)x(4)x(5%) = 4,000

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feliciajones7373 feliciajones7373

30-11-2020

Answer: For Plato users

Simple interest : p × r × t

$20,000 × 0.05 × 4

= 4,000 .

Step-by-step explanation:

I just took the test .

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