Question

Pllzz help

36. In order to pay for baseball uniforms, a school takes out a simple interest loan for $20,000 for 7 months at a rate of 12%.
a. How much interest must the school pay?
b. Find the future value of the loan.​

Answer 1

36800 first find 12% of 20000 which is 2400 then times it by 7 for the amount of months then as a last step add your 7x2400 which is 16800 add it to 20000 and get 36800

Explanation:

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