Your answer is A. Jake paid $49,869 for the cabin
Here is the answer to your question. The answer is 8:1
Answer:
2%
Step-by-step explanation:
Chloe's simple interest for 1 year is $4. You can get this by subtracting the amount she invested from the total amount she got after one year.
Now that we know the simple interest, we can now get the simple interest rate or<em> simple percent interest per year </em>by dividing $4 by $200.
Let's change 0.02 into a percentage.
This means that every year, her investment will earn a <em>2% simple interest.</em>