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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=

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dashelou

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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