Pablo borrowed $900 from a credit union for 3years and was charged simple interest at a rate of 3%. What is the amount of interest he paid at the end of the loan?

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asked Aug 16, 2020 58.5k views

5 votes

Pablo borrowed $900 from a credit union for 3years and was charged simple interest at a rate of 3%. What is the amount of interest he paid at the end of the loan?

Mathematics
middle-school

Frostrock asked

by Frostrock

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2 Answers

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Answer:

amount of interest paid 83.45 or total paid 983.45

Explanation:

900 × (1.03)^3 = 983.4543

Ludder answered Aug 19, 2020

by Ludder

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2 votes

Answer:81

Explanation:

Rfkortekaas answered Aug 21, 2020

by Rfkortekaas

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