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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asked May 10, 2022 85.2k views

7 votes

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?

Mathematics
high-school

Jeff Janes asked

by Jeff Janes

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1 Answer

6 votes

Answer:

$3,700

Explanation:

16% of 2500=400

400×3(years)=1200

2500+1200=3700

OM Bharatiya answered May 17, 2022

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