Question

Will mark brainliest!!!!!!!! Show work!!!14

Answer 1

So in interest is given once a year.

Year's interest = 200 × 12%

= 200× 12/100 = $24

2 Years' interest = 24 × 2 = $48

Money paid for loan

= 200 + 48

= $248

Ans = $248

Happy to help. Marking me the brainliest would really be appreciated.

Answer 2

Answer:

The amount you pay to the loaner is $248 but the amount of intrest you paid is $48

Step-by-step explanation:

Your Intrest is 12% so the decimal of that is .12. so Multiply .12 with 200, to find out 12% of 200

200 x .12 =24

so 12% of 200 is 24. But also 24 is the amount of intrest you would pay for 1 year. since you have to pay for TWO years multipy 24 by 2

24 x 2 = 48

so you pay $48 in intrest

Hope this helps!