l-rate-of-45-for-3-years-how-much-interest-will-he-owe-at-the-end-of-the-3-years

Question

Jake borrows $$2,000\2$$,000 at a simple interest rate of 4.5%4.5\% per year for 33 years. How much interest will he owe at the end of the 33-year period?

Accepted Answer

$$270\270 $$

Answer

$$90\90 $$

Answer

$$540\540 $$

Answer

$$2,700\2$$,700

Jake borrows $2,000\$2,000 at a simple interest rate of 4.5%4.5\% per year for 33 years. How much interest will he owe at the end of the 33-year period?

Jake borrows $dollar sign 2 comma 000$ at a simple interest rate of $4.5 percent sign$ per year for $3$ years. How much interest will he owe at the end of the $3$ -year period?