Maya will buy a new pair of skis for $850.00. She has $400.00 in her savings account. Her parents will loan her the rest. Maya decides to borrow all $850.00 from her parents. Her parents charge her a...




Maya will buy a new pair of skis for $850.00.  She has $400.00 in her savings account.  Her parents will loan her the rest.  Maya decides to borrow all $850.00 from her parents.  Her parents charge her a simple annual interest rate of 5%.  She will pay back the loan in 2 years.  How much more will she pay to repay the loan than if she had borrowed only the amount she needed?


























 a


$440.00


 b


$450.00


 c


$495.00


 d


$980.50





Jun 10, 2022
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