Register

Johanna owes $2,400 to a bank. The debt grows with simple interest at a rate of 5% per year. How much will Johanna owe in two years? Thank you to whoever helps me❤️

Johanna owes $2,400 to a bank. The debt grows with simple interest at a rate of 5% per year. How much will Johanna owe in two years? Thank you to whoever helps me❤️
asked 49.6k views
12 votes
Johanna owes $2,400 to a bank. The debt grows with simple interest at a rate of 5% per year. How much will Johanna owe in two years?

Thank you to whoever helps me❤️

asked
User Patforna
by
8.1k points

1 Answer

9 votes

Answer:

$2,640

Explanation:

5% × $2,400 = 120

120 × 2 = $240

$2,400 + $240 = $2,640

answered
User Ken Krueger
by
8.7k points
← Prev Question Next Question →

Related questions

User Rene Hernandez
asked Aug 11, 2021 18.4k views
PLEASE HELP ME❤️ Explain the ways waves interact with other waves
Rene Hernandez asked Aug 11, 2021
by Rene Hernandez
8.0k points
1 answer
1 vote
18.4k views
User Tabetomo
asked Jan 25, 2021 196k views
Can someone plz help me❤️
Tabetomo asked Jan 25, 2021
by Tabetomo
8.2k points
2 answers
5 votes
196k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!