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Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?
asked 28.0k views
2 votes
Emilio borrows $1200 from a bank with 8% simple interest per year. How much will he have to pay back total in 2 years?

asked
User Checo R
by
7.8k points

1 Answer

3 votes

Answer:

Explanation:

1200÷2=600

answered
User WHITECOLOR
by
8.4k points
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