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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 7, 2019 222k views

2 votes

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 asked

by Sebastin Santy

6.0k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

3 votes

Answer:

$20

Explanation

JabKnowsNothing answered Apr 8, 2019

by JabKnowsNothing

5.5k points

0 Comments

Please log in or register to add a comment.

3 votes

Aaron will owe $20 of interest at the end of the 2-year term.

Jutky answered Apr 11, 2019

by Jutky

6.3k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Other Questions