Find the total simple interest on a $200 loan at a 5% annual interest for 4 years Question Find the total simple interest on a $200 loan at a 5% annual interest for 4 years in progress 0 Math Faith 3 weeks 2021-09-28T04:56:31+00:00 2021-09-28T04:56:31+00:00 2 Answers 0

## Answers ( )

200*5*4=$4000. Done

Answer = 243.10 (2 decimal places )

200 x 1.05^4 = 243.10125