Question

Calculate the total payback for a $2,500 loan at 10% annual interest for two years.

A. $1,021.80
B. $2,043.60
C. $1,384.80
D. $2,769.60​

Answer 1

The answer is D. 2,769.60

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Explanation:

Answer 2

Most likely D as it’s the only answer more than £2,500 as with a loan you have to pay interest in top