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LOOK HERE IF YOU ANSWER CORRECTLY YOU PASS 8th grade You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?

LOOK HERE IF YOU ANSWER CORRECTLY YOU PASS 8th grade You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?
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LOOK HERE IF YOU ANSWER CORRECTLY YOU PASS 8th grade

You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?

User Jeff Janes
by
9.0k points

1 Answer

6 votes

Answer:

$3,700

Explanation:

16% of 2500=400

400×3(years)=1200

2500+1200=3700

User OM Bharatiya
by
8.3k points
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