Answer: The final payment if the loan is paid off with the next payment will be $210.
Step-by-step explanation:
Since er have given that
Principal amount = $200
Rate of interest = 5%
Time taken by Christina = 12 months = 1 year
So, Simple interest for the year
[tex]S.I.=\frac{P\times R\times T}{100}\\\\=Interest=\frac{200\times 5\times 1}{100}\\\\=\$10[/tex]
[tex]Amount=200+10=\$210[/tex]
So, the final payment if the loan is paid off with the next payment will be $210.
