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21 votes
Elodia borrowed $30,000 from her aunt to start a delivery business. Her

aunt charged her an annual simple interest rate of 4%. After 7 years,
Elodia repaid her aunt in one payment, with interest. What was the total
amount Elodia paid her aunt?
A $211,200
B $114,000
C $30,001
D $38,400

1 Answer

4 votes

Answer:

The answer is D she paid 38,400

Explanation:

30,000 + 8400 = 38,400

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