Avram borrows $14,500 at 5.4% simple interest to open a

Last updated: 7/15/2022

Avram borrows $14,500 at 5.4% simple interest to open a small business. His bank allows him 9 years to pay back the loan. A. How much simple interest will Avram have to pay on the loan? B. How much money will Avram have to repay in all?