Hugo borrows $1,000 from his mother and promises to pay her back in one year at 6 percent interest. How much total will Hugo pay back for the loan?

🎲 Try a Random Question  |  Total Questions in Quiz: 59  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
FBLA Business Math Test 2 — practice the complete quiz, review flashcards, or try a random question.


Hugo borrows $1,000 from his mother and promises to pay her back in one year at 6 percent interest. How much total will Hugo pay back for the loan?