Aaron borrowed $200 from his cousin. He promised to repay the loan in 2 years at a simple annual interest rate of 5%. How much i

Question

2 years ago

5

nterest will Aaron owe at the end of 2 years?
A. $5
B. $10
C. $20
D. $25

NEED HELP ASAP

2 answers:

xxMikexx [17] · Answer 1 · 2022-01-19T06:19:11+03:00

4 0

C $20 hope this helps

ra1l [238] · Answer 2 · 2022-01-19T08:37:42+03:00

ra1l [238]2 years ago

4 0

The formula is
I=prt
I interest owed?
P loan 200
R interest rate 0.05
T time 2 years
I=200×0.05×2
I=20

So the answer is c
Hope it helps!