Question

PLEASE GIVE ME HE BEST ANSWER. If you borrow $200 at a simple interest rate of 8% per year, how much do you owe after 10 years?

A.
$2160
B.
$280
C.
$360
D.
$2016

Answer 1

C

Explanation:

200x0.08 = 16

16x10 = 160

200+160= 360

Hope this helps!