lily202074 lily202074

23-11-2020
Mathematics

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To go on a summer trip Manuel borrows $200. He makes no payments until the end of 4 years, when he pays off the entire loan. The lender charges simple interest at an annual rate 5%

To go on a summer trip Manuel borrows 200 He makes no payments until the end of 4 years when he pays off the entire loan The lender charges simple interest at a class=

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joevo56 joevo56

23-11-2020

Answer:

A)40

B)240

Step-by-step explanation:

5% of 200 is 10

10*4 year=$40 interest

200+40=240 which is total

Im pretty sure

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