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

asked Dec 28, 2022 118k views

15 votes

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

by Dmyan

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7 votes

Answer:

The answer is D. 2,769.60

just took the test

Explanation:

Avec answered Dec 29, 2022

by Avec

4.4k points

3 votes

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

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