avamills66 avamills66
  • 17-12-2019
  • Mathematics
contestada

You decide to borrow $500 to go on a trip. You go to the bank and borrow the money at 11% for 2 years. Find the interest you will pay on the loan.

Respuesta :

braniaccom braniaccom
  • 17-12-2019
$500_100%
X$___11%

11 x 500
————— = 55 $
100
Answer Link
michael199213
michael199213 michael199213
  • 17-12-2019
It would be 55$ for just one year & for 2 years 55 x 2= 110$
Answer Link

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