Mathematics, 08.02.2021 21:00 Will1119

A bank offers an annual simple interest rate of 8% on home improvement loans. Jake borrowed $17,000 over a period of 2 years. How much did he repay altogether? A. $1,360
B. $2,720
C. $18,360
D. $19,720

Answers: 3

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A bank offers an annual simple interest rate of 8% on home improvement loans. Jake borrowed $17,000 over a period of 2 years. How much did he repay altogether? A. $1,360 B. $2,720 C. $18,360 D. $19,720

Answers

Another question on Mathematics

A bank offers an annual simple interest rate of 8% on home improvement loans. Jake borrowed $17,000 over a period of 2 years. How much did he repay altogether? A. $1,360
B. $2,720
C. $18,360
D. $19,720