Question

Ariane borrows $200 on a 6−year loan. She is charged 5% simple interest per year. How much interest is she charged for 6 years? What is the total amount she has to pay back?

After 6 years, Ariane is charged $
in interest. She pays a total amount of $
.

Answer 1

she is charged 80 in interest for 4 years, the total she has to pay back is 480

Explanation: