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Margo borrows $200, agreeing to pay it back with 2% annual interest after 16 months. How much interest will she pay?

Margo borrows $200, agreeing to pay it back with 2% annual interest after 16 months. How much interest will she pay?
asked 193k views
5 votes
Margo borrows $200, agreeing to pay it back with 2% annual interest after 16 months. How much interest will she pay?

asked
User Rob Starling
by
8.6k points

1 Answer

6 votes

Answer:

$4

Explanation:

2/100 x 200 = 4

answered
User Andrewmitchell
by
8.4k points
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