to finance her community college education. Sarah takes out a loan for $2200. After a year Sarah decides to pay off the interest which is 4% of $2200. How much will she pay
To calculate the amount Sarah will pay for the interest on her loan, we need to find 4% of $2200.
Step 1: Convert the percentage to a decimal by dividing it by 100:
4% = 4/100 = 0.04
Step 2: Multiply the decimal by the loan amount:
0.04 * $2200 = $88
So, Sarah will need to pay $88 to cover the 4% interest on her loan.