document.write( "Question 1137694: Nate borrows $300 to buy a smartphone. He is charged 5% simple interest per year. \r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "How much interest, in dollars, will Nate pay after 2 years? \n" ); document.write( "

Algebra.Com's Answer #755560 by ikleyn(52781) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "

\r\n" );
document.write( "\r\n" );
document.write( "The interest after 2 years will be  0.05*300*2 = 30 dollars.\r\n" );
document.write( "

\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );