SOLUTION: Cassandra has a loan of $35,720. This loan has a simple interest rate of 4% per year. What is the amount of interest Cassandra will pay on this loan at the end of two years?
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Question 1172002: Cassandra has a loan of $35,720. This loan has a simple interest rate of 4% per year. What is the amount of interest Cassandra will pay on this loan at the end of two years?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
I=prt=35720*0.04*2=$2857.60
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