SOLUTION: This is a question that i must explain how i came to the answer.I had 30 of them, this is one of the two that I cannot figure out. Please help!!! You borrow $2000 at an APR of 5

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Question 357497: This is a question that i must explain how i came to the answer.I had 30 of them, this is one of the two that I cannot figure out. Please help!!!
You borrow $2000 at an APR of 5%. Find the interest after 24 months.
Thankyou so much!!!!

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I am guessing that you want simple interest?
I=Prt
I=2000*0.05*2
I=200