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Alexa borrows 10,000 from her aunt and they agree Alexa will pay her back including 5% simple interest.how much more will Alexa owe her aunt after 2 years assuming that no payments are made during that
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Alexa borrows 10,000 from her aunt and they agree Alexa will pay her back including 5% simple interest.how much more will Alexa owe her aunt after 2 years assuming that no payments are made during that time??​

User Snachmsm
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1 Answer

5 votes
10,000 x .05 = $500 for one year.

$500 x 2 years = $1,000
User Ione
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8.3k points
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