baileykraus33 baileykraus33

03-04-2020
Mathematics

contestada

Suppose you borrow $300 from your grandfather, who charges 5% simple interest (He’s “teaching” you a lesson about money). If you’re paying him back in one payment at the end, how much do you owe him in 2 years?

Respuesta :

sonic8028 sonic8028

03-04-2020

Answer:

330

Step-by-step explanation:

5% of 300 is 15

15 * 2 years is 30

30 + Original 300

=

330

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