Question

Nate borrowed $400 to pay for car repairs. If he agreed to repay the loan at a simple annual interest rate of 6%, how much interest will he owe at the end of 2 years?

Answer 1

I believe the answer will be $48 dollars

Explanation:

Hopefully this helps. see ya later!!!!!

Answer 2

$48

Explanation:

$400/24=16

16/6=2

2x24=$48