Question

If you borrow $421 for 9 years at an interest rate of 4%, how much interest will you pay?

Answer 1

I will assume it as simple interest as nothing is mentioned

SI = (P × R × T)/100

SI = (421×4×9)/100

SI = 15156/100

SI = 151.56

You will pay $151.56

Answered by Gauthmath must click thanks and mark brainliest