Register
HALP MOI PLZZZZZZZ. IT'S EASY SO PLEASE. Ace borrowed $2000 from a friend and agreed to pay 12% annual interest for a period 3 years. At the end of 3 years, how much principal plus interest will ace owe
19.4k views
5 votes
HALP MOI PLZZZZZZZ. IT'S EASY SO PLEASE. Ace borrowed $2000 from a friend and agreed to pay 12% annual interest for a period 3 years. At the end of 3 years, how much principal plus interest will ace owe his friend?

User Hgpl
by
7.6k points

1 Answer

3 votes

Answer:

Concept: Interest Rate

  1. 2000×0.12=240
  2. $240 × 3 = 720
  3. Principal= 2000
  4. Interest paid= 720
User Reuben Bijl
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!