Question

Johanna owes $2,400 to a bank. The debt grows with simple interest at a rate of 5% per year. How much will Johanna owe in two years?

Thank you to whoever helps me❤️

Answer 1

$2,640

Explanation:

5% × $2,400 = 120

120 × 2 = $240

$2,400 + $240 = $2,640