Asked by Ben
Mark borrowed $200 at 12% compound interest
for two years. If he makes no payments. How
much interest will he owe at the end of the second
year?
A $48.00
B $50.88
C $26.88
D $24.00***
for two years. If he makes no payments. How
much interest will he owe at the end of the second
year?
A $48.00
B $50.88
C $26.88
D $24.00***
Answers
Answered by
Damon - no way
200 (1.12)^2 = 250.88 total
- 200 principal = 50.88
- 200 principal = 50.88
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