Question

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

Answer 1

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