UnderswapSans456 UnderswapSans456

03-05-2017
Mathematics

contestada

Tom borrowed $2,000 at an 11.5% simple interest rate for 5 years. What is the total amount Tom will pay back at the end of 5 years?

A $1,150
B $2,050
C 2,230
D. 3,150

Respuesta :

leayshia leayshia

03-05-2017

The total amount will be A. 1,150.

11.5 x 2000 x 5

.115 x 2000 x 5 = 1150

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carley19 carley19

03-05-2017

A $1,150 that would be the answer

Answer Link

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