Alexa borrows $10,000 from her aunt and they agree Alexa will pay her back including 5% simple interest. How much interest will
Alexa pay if she has the loan for 2 years
1 answer:
Answer:
I think it is 1,000
Step-by-step explanation:
when you want a percentage of a number for stuff like interest you need to multiply the starting number by the percentage so in this case, it would be
10,000 x .05 = 500
500 x 2 = 1,000
hoped this helped and I was right
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