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Aaron borrowed $200 from his cousin. He promised to repay the loan in 2 years at a simple annual interest rate of 5%. How much interest will Aaron owe at the end of 2 years?
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Apr 7, 2019
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Aaron borrowed $200 from his cousin. He promised to repay the loan in 2 years at a simple annual interest rate of 5%. How much interest will Aaron owe at the end of 2 years?
Mathematics
middle-school
Sebastin Santy
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Answer:
$20
Explanation
JabKnowsNothing
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Apr 8, 2019
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JabKnowsNothing
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Aaron will owe $20 of interest at the end of the 2-year term.
Jutky
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Apr 11, 2019
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Jutky
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