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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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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!!

User Martin De Simone
by
8.5k points

2 Answers

2 votes

Answer:

D 48

Explanation:

Just took the test

User Eme Eme
by
8.4k points
3 votes

He will owe $48 in interest.

User TroYman
by
8.5k points
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