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How much money will Tracy repay to the bank for a loan of $1000 that she borrows for 2 years 8 months at a 12% simple interest rate?

How much money will Tracy repay to the bank for a loan of $1000 that she borrows for 2 years 8 months at a 12% simple interest rate?
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17 votes
How much money will Tracy repay to the bank for a loan of $1000 that she borrows for 2 years 8 months at a 12% simple interest rate?

User Lisu
by
7.7k points

1 Answer

10 votes
It will be 28..............
User Senyokbalgul
by
8.6k points
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