Ask Question
1 June, 20:20

Janet borrowed $2,000 for three years at a 5 percent interest rate compounded annually. Use the simple interest formula to find out how much interest she will pay each year

+5
Answers (1)
  1. 1 June, 23:49
    0
    Every year, Janet will pay $100 in interest per year.

    $500 over 5 years.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Janet borrowed $2,000 for three years at a 5 percent interest rate compounded annually. Use the simple interest formula to find out how ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers