29-03-2017
Mathematics

contestada

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?
A. $12
B. $24
C. $32
D. $48
Please help me out :)

Respuesta :

ravennorton25 ravennorton25

29-03-2017

okay so 6% of 400 is 24 and 24 times 2 is 48, so the answer is D

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mondaylexi88 mondaylexi88

29-03-2017

the correct answer would be D

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