Question

Greg phillips borrowed $2,000 at 10% simple interest for one year. How much interest was he charged?

Answer 1

Any ideas?

Answer 2

I know the answer, it's $200. I don't know how to get the equation.

Answer 3

$$\Huge\text{10% per year}$$

Answer 4

$$\Huge\text{I = Prt}$$

Answer 5

i get it now. thanks:)

Answer 6

Thanks for asking :)