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Mathematics

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Joe borrow $5000 in the bank at a rate of 7% simple interest per year how much interest is paid in two years

Joe Borrow 5000 In The Bank At A Rate Of 7 Simple Interest Per Year How Much Interest Is Paid In Two Years class=

Answer :

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Answer:

$700

Step-by-step explanation:

First, multiply 5,000 times 7:

5,000 × 7 = 35,000

Since 7% is 0.07, move the decimal place in 35,000 two times:

35,000.

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