Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Let's say that Jose borrows $200 for 2 years at a rate of 8% simple interest calculated annually. How much total will he have to pay back at the end of two years?

Sagot :

The formula is Interest = Principal * Rate * Time

I = 200 * 2 * 0.08
I = 400 * 0.08
I = 32

He would have to pay $232 in total.
SillyGeese

Answer:

232$ Hope this Helps

Step-by-step explanation:

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.