Suppose you borrow $500 and you plan to pay it back all at once in 5 years. You are charged 2% interest compounded monthly.

What is the total amount you will need to pay when the loan is due?

Round your answer to the nearest dollar.

500 (1 + 0.02/12)^12 x 5

500 x 1.105

552.5

then you round it

$553

multiplication is multiplication.   it might feel harder depending on what level of math you are in, but generally it will be the same old stuff, while implementing some new concepts and methods of solving work.

the answer is "add 2y and y"

step-by-step explanation:

you need to collect the like terms first.