Question

Mary borrowed $11,000 at 5% interest for 4 years.

See if I am right I picked c

What was the total interest?









A.
$22







B.
$220







C.

$2,200








D.
$22,000

Answer 1

ok

Answer 2

(this is a bad question but assuming normal interest, you're right)

Answer 3

(non-compounded)

Answer 4

dived 11,000 by 5

Answer 5

and then 4