Question

Joey borrowed $200 at an interest rate of 2%. He paid $16 in interest. Find the amount of time for which Joey borrowed the money.

Question 3 options:

1 year


4 years


15 years


25 years

Answer 1

Answer:25 years

Explanation:

Answer 2

4 years

Explanation:

2% of 200 = 4 and 4x4=16 so four dollars of interest for 4 years would equal 16$ of interest in total