Question

Ariane borrows $600 on a 2−year loan. She is charged 5% simple interest per year. How much interest is she charged for 2 years? What is the total amount she has to pay back?

Answer 1

Find out what 5% of $600 is by multiplying them by each other after changing the percent from a percentage form into a decimal.
600*.05=$30
Now add that to $600 every year.
$600+$30=630.
Now add it again since it's for two years.
$630+$30= $660.
Answer:$660.