Posted by Christabelle on Thursday, December 13, 2012 at 7:07pm.
Let's suppose you borrow $500 from your parents. That's the principal. They charge you 2% annual interest. You pay them back at the end of two years.
I = 500 * 0.02 * 2
Multiply to find the amount of interest you'll pay.
Your a lifesaver! thank you so much!!
You're very welcome!
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