Answer :
After 2 years Ben will have to repay $992.
Step-by-step explanation:
Principal amount borrowed = $800
Time = 2 years
Rate of Interest = 9%
Now, SIMPLE INTEREST = [tex]\frac{P \times R \times T}{100}[/tex]
So, here S I = [tex]\frac{800 \times 9 \times 2}{100}[/tex]
or, Simple Interest on the principal amount = $144
Now, AMOUNT = PRINCIPAL + SIMPLE INTEREST
= $800 + $144
= $944
or, the Amount = $944
Hence, after 2 years Ben will have to repay $944 .
