Answer:
840
Step-by-step explanation:
2,000(0.07) = 140
find the amount of interest per year
140(6) = 840
hope it helps!
Answer:
Joe paid $2,940 in interest after six years.
Step-by-step explanation:
Since Joe borrowed $7000 from the bank at a rate of 7% interest per year. We need to find 7% of 7,000.
7,000 x 0.07 = 490
Since we need to find out how much interest Joe paid after six years, we need to multiply 490 by 6.
490 x 6 = 2,940
Therefore, Joe paid $2,940 in interest after six years.
Hope this helps! :D
