25-02-2021
Mathematics

contestada

Johanna owes $2,400 to a bank. The debt grows with simple interest at a rate of 5% per year. How much will Johanna owe in two years?

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25-02-2021

Answer:

$2,640

Step-by-step explanation:

5% × $2,400 = 120

120 × 2 = $240

$2,400 + $240 = $2,640

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