Question

A friend lends you $120, which you agree to repay with 2% interest.

How much will you have to repay?

How much of that was interest?

Answer 1

120 * 1.02 = ____
.02 * 120 = ___

Answer 2

122

Answer 3

A friend lends you $860, which you agree to repay with 9% interest. How much will you have to repay?