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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asked Jan 3, 2022 41.7k views

9 votes

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)

Mathematics
high-school

Nimit Parekh asked

by Nimit Parekh

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1 Answer

12 votes

Answer:

1440 $

Explanation:

3000 - 100%

x - 12%

360 - 1 yea

Explanation:

Salomonderossi answered Jan 7, 2022

by Salomonderossi

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