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finlep [7]
3 years ago
14

Ariana borrows $200 on a 6-year loan.She is charged 5% simple interest per year.How much interest is she charged for 6 years?Wha

t is the total amount she has to pay back? PLS HELP
Mathematics
1 answer:
maks197457 [2]3 years ago
5 0

Answer:

Results are below.

Step-by-step explanation:

Giving the following information:

Principal (P)= $200

Interst rate (r)= 0.05

Time (t)= 6

F<u>irst, we need to calculate the total interest using the following formula:</u>

I= P*r*t

I= 200*0.05*6

I= $60

<u>Now, the total debt:</u>

Total debt= P +I

Total debt= 200 + 60

Total debt= $260

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