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Aiden got a loan for $600 that has a 5% simple interest for 2 years.

Aiden got a loan for $600 that has a 5% simple interest for 2 years.
asked 194k views
3 votes
Aiden got a loan for $600 that has a 5% simple interest for
2 years.

asked
User Mikemerce
by
8.5k points

1 Answer

6 votes

Answer:

The simple interest is $60 for 2 years

Explanation:

1. 600*0.05=30

2. 30*2=60

answered
User Connor Peet
by
8.8k points
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