Question

Aaron borrowed $200 to finance a VCR at a rate of 8.25% for 1.5 years. How much did he repay altogether?

Answer 1

If you use:

A=Ao(1+r)^t

A=final amount
Ao = initial amount (200)
r= % (0.0825)
t=time (1.5)

If you plug those numbers in depending on how often they run the interest you should get your answer, unless it is compound interest which is a different equation