Question

Trevor borrows $4000 on a 5-
year loan. He is charged 5%
simple interest per year. How
much interest is he charged
for 5 years?​

Answer 1

0.25% bc he is charged 5% per year so just multiple 5% times 5=0.25%

Answer 2

Answer:

$1,000

Step-by-step explanation:

4000 × (5/100) × 5

1000