Question

I am struggle of answering this question

Answer 1

2 years = 24 months.

96 per month x 24 months = 2,304 total amount paid back.

2304 - 2000 = 304 amount of interest.

304 / 2000 = 0.152

0.152 x 100 = 15.2%

This can be rounded to the closest percent, which would be 15% so she is correct.