Question

idk how to answer this, some one please explain!!!!! :) Katie borrowed $2,500 at 10% interest for 5 years. What was the total interest? A. $12.50 B. $125.00 C. $1,250.00 D. $12,500.00

Answer 1

First, you calculate 10% of 2500, which is 250. Then, you multiple it by five because she borrowed it for FIVE years. The answer is C. :)