Augusta borrowed $400 from her brother. She agreed to repay the loan in 3 years at a simple annual interest rate of 2%. How much
interest will Augusta owe at the end of 3 years? A=$2 B=$6 C=$24 D=$240
2 answers:
C=$24
2% of $400 is $8 so 8x3years is $24
Answer:
24
Step-by-step explanation:
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