danielledelgado03 danielledelgado03

16-10-2020
Mathematics

contestada

8. To buy a laptop computer, Elaine
borrowed $2,000 for 4 years at an annual simple
interest rate of 5%. What is the total amount that
she will repay? (red)

Respuesta :

netizenwebb netizenwebb

16-10-2020

Answer:

2400

Step-by-step explanation:

Interest = Principal * Rate * Time

= 2000 * .05 * 4

= 400

Total amount to pay:

Principal + Interest

2000 + 400 = 2400

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