A Man Borrowed $2000 at 0

question 310

Multiple Choice

A man borrowed $2000 at 0.5% interest compounded annually. If he paid off the loan in full at the end of 6 years, how much did he pay?

• A) $2060.76
• B) $2060.00
• C) $2010.00
• D) $60.76

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Definitions:

Disrespect

The act of showing a lack of courtesy, consideration, or regard for someone or something.

Isolation

A state of separation from others; can be physical, social, or emotional, often leading to feelings of loneliness and disconnection.

Self-destructive Behavior

Actions or patterns of behavior that are harmful or potentially harmful towards oneself.

Economic Hardship

A financial situation in which it is difficult to meet basic needs such as housing, food, and healthcare.