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Alondra's older cousin borrowed $800 to repair her car. She will pay off the loan after 2 years by paying back the principal plus
Alondra's older cousin borrowed $800 to repair her car. She will pay off the loan after 2 years by paying back the principal plus 4.5% simple interest for each year. a. How much will she pay in interest? Show your work. N- b. How much will she pay back altogether? Aadan opened a savings account with $425. After 2 years, the total interest he earned was $10.20. What was the annual interest rate?
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