A bank offers a home improvement loan with simple interest at an annual rate of 12%. J.T. borrows an amount of $14,000 to pay back over 3 years. How much will he pay back altogether? Explain how you found

asked Sep 21, 2020 47.3k views

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12%*14000*3

Which is 5040

Therefore, it will have to pay back $4050

Lazy Ninja answered Sep 26, 2020

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