s019287 s019287

25-02-2020
Mathematics

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A customer borrows $2000 from the bank. The bank charges 5% simple interest for 2 years. The customer agrees to pay back the money and interest in 24 equal payments. How much does the customer pay back each month?

Respuesta :

jasminedipreta872 jasminedipreta872

25-02-2020

Answer:

The costumer pays $87.50 back each month.

Step-by-step explanation:

$2,000*5%=

$2,000*0.05=100

2,100/24=$87.50

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