Question

Please I need help with this question can you answer it for me please

Say that you borrowed $200 from your friend and returned $220 after a year. What are the principal and interest amounts in this scenario?
A.
Principal = $200, Interest = $220
B.
Principal = $200, Interest = $20
C.
Principal = $220, Interest = $200
D.
Principal = $220, Interest = $20
what is the answer.

Answer 1

Total=$220

Principal=$200

Interest:-

• Total-Principal
• 220-200
• $20

Option B

Answer 2

• B. Principal = $200, Interest = $20

Explanation:

• Principal + Interest = Total

We have:

• Principal = 200 and Total = 220

The interest is:

• 220 - 200 = 20

Correct choice is B