Roberto has a loan of $2,500. This loan has a simple interest rate of 5% per year. What is the amount of interest Roberto will be charged on this loan at the end of two years?

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asked Oct 25, 2024 204k views

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Roberto has a loan of $2,500. This loan has a simple interest rate of 5% per year. What is the amount of interest Roberto will be charged on this loan at the end of two years?

Mathematics
high-school

White Island asked

by White Island

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1 Answer

7 votes

Answer:

$250

Step-by-step explanation: (2,500 x .05) + (2,500 x .05)= 250

Tiago Marinho answered Oct 29, 2024

by Tiago Marinho

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