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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
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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
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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
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6.8k points
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