Question

(6th grade elementary)

Mrs Reyes loaned a money in the bank at 2.5% per annum (per year). If he loaned an amount of 80,000.00, how much will he pay the bank including the interest after a year?​

Answer 1

after one year he will owe the bank 82,000.00

Answer 2

after a year he will owe $82,000 If u need an equation I can give one!