200 (1.12)^2 = 250.88 total
- 200 principal = 50.88
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***
1 answer
11 answers