Mathematics, 07.01.2021 17:20, smartgirl9989
Michael borrowed $1000 on a 2 year loan. He is charged 5% simple interest per year.
How much interest is he charged for 2 year? What is the total amount he has to pay
back?
O $1000, $3000
O $10, $1010
O $50, $5000
O $100, $1100
Answers: 2
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Michael borrowed $1000 on a 2 year loan. He is charged 5% simple interest per year.
How much intere...
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