Register
Jack borrowed a sum of 12000$ from a financing company for 3 years at 15% per annum. What is the total interest he paid in 3 years?
153k views
4 votes
Jack borrowed a sum of 12000$ from a financing company for 3 years at 15% per annum. What is the total interest he paid in 3 years?

User Vonda
by
8.2k points

1 Answer

2 votes

12000*.15=1800

1800*3=5400

12000+5400=

17400

User Pratham
by
8.2k points
← Prev Question Next Question →

Related questions

User Ramadan
asked Dec 2, 2023 64.0k views
How many years would it take a 6000$ loan at 5% to earn 12000$ in interest?
Ramadan asked Dec 2, 2023
by Ramadan
7.6k points
1 answer
1 vote
64.0k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m 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
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
Link Copied!