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Can someone help me Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?

Can someone help me Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?
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21 votes
Can someone help me

Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?

User Vince Spicer
by
8.6k points

1 Answer

11 votes

I believe it is 300 dollars

User Sugey
by
7.6k points
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