Nate borrowed $400 to pay for car repairs. If he agreed to repay the loan at simple annual interest rate of 6%, how much interest will he owe at the end of 2 years? please help!!

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asked Dec 1, 2019 4.9k views

2 votes

Nate borrowed $400 to pay for car repairs. If he agreed to repay the loan at simple annual interest rate of 6%, how much interest will he owe at the end of 2 years?

please help!!

Mathematics
middle-school

Martin De Simone asked

by Martin De Simone

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2 Answers

2 votes

Answer:

D 48

Explanation:

Just took the test

Eme Eme answered Dec 3, 2019

by Eme Eme

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3 votes

He will owe $48 in interest.

TroYman answered Dec 5, 2019

by TroYman

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