Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much interest will you earn?

Question

Your roommate asks to borrow $500 and agrees to pay it in 45 days with interest rate of 4%. How much interest will you earn?

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Thiên Thanh 3 years 2021-08-25T01:37:29+00:00 2 Answers 5 views 0

Answers ( )

    0
    2021-08-25T01:38:38+00:00

    Answer:
    $20

    Explanation:

    $500 = 100%
    ? = 4%

    500*4/100 =

    $20

    0
    2021-08-25T01:38:40+00:00

    Answer:

    $20

    Step-by-step explanation:

    500 x .04 = 20

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