please help‼️‼️
To buy a laptop computer, Elaine borrowed
$2,000 for 3 years at an annual simple interest
rate of 5%. How much interest will she pay if she
pays the entire loan off at the end of the third
year? What is the total amount that she will
repay?
O $5,000.00
O $3,000.00
O $2,300.0
O $300.00

Respuesta :

Answer:

The answer is 2,300

Step-by-step explanation:

I = 2000 x .05 x 3 = $300

total amount = 2000 + 300 = $2300

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