Question

HELP PLEASE IM ON A TIMER!!!

To buy a PS5 bundle, Amir borrowed $850 for 2 years at a simple interest rate of 2.5%. How much did he have to pay back in all? A.$42.50 B.85.00 C.$850 D.$892.50

Answer 1

D. $892.50

Explanation:

First we find out the interest:

850 * 2.5% = 21.25

Since this is 2 years we multiply the interest by 2.

21.25 * 2 = 42.50

Now we add the interest with the amount borrowed.

850 + 42.50 = $892.50

So, the answer is $892.50 in total.

Hope this helps! :)

Answer 2

d.

Explanation: