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Elliot borrowed $3800 from the bank for 3 years at a 4.25% simple interest rate?

Elliot borrowed $3800 from the bank for 3 years at a 4.25% simple interest rate?
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4 votes
Elliot borrowed $3800 from the bank for 3 years at a 4.25% simple interest rate?

User Mateo Velenik
by
7.9k points

1 Answer

4 votes

$161.50

Step-by-step explanation:

4.25% of $3800 is $161.50

User Saurabh Verma
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6.8k points
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