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Alicia borrowed $3000 from the bank at a rate of 12% simple interest per year. How much TOTAL did she pay the bank back after 5 years? (Hint: do NOT add the amount back to the money she borrowed)
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Alicia borrowed $3000 from the bank at a rate of 12% simple interest per year. How much TOTAL did she pay the bank back after 5 years? (Hint: do NOT add the amount back to the money she borrowed)

User Nimit Parekh
by
7.7k points

1 Answer

12 votes

Answer:

1440 $

Explanation:

3000 - 100%

x - 12%

360 - 1 yea

Explanation:

User Salomonderossi
by
6.9k points
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