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Emma needed a loan of $600 for repairs to her house. The bank loaned her the money at 10% interest for 2 years. What is the total amount of the loan?

Emma needed a loan of $600 for repairs to her house. The bank loaned her the money at 10% interest for 2 years. What is the total amount of the loan?
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Emma needed a loan of $600 for repairs to her house. The bank loaned her the money at 10% interest for 2 years. What is the total amount of the loan?

asked
User Wilder
by
7.6k points

1 Answer

1 vote

Answer:

$720

Explanation:

10% x 2 (since it's 2 years)

20% of 600 = 120

600 + 120 = 720

answered
User Stephen Hosking
by
7.6k points
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