Aiden got a loan for $600 that has a 5% simple interest for 2 years.

asked Dec 3, 2022 194k views

3 votes

Aiden got a loan for $600 that has a 5% simple interest for
2 years.

4.4k points

Please log in or register to add a comment.

6 votes

Answer:

The simple interest is $60 for 2 years

Explanation:

1. 600*0.05=30

2. 30*2=60

Connor Peet answered Dec 6, 2022

4.7k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.4m questions

5.7m answers