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A bank loans a customer $46,000 for a period of 9 years. The simple interest rate of the loan is 8.9%. What is the total amount that the customer will need to pay the bank over the 9 years
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A bank loans a customer $46,000 for a period of 9 years. The simple interest rate of the loan is 8.9%. What is the total amount that the customer will need to pay the bank over the 9 years

User Vishal Sen
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1 Answer

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The bank will pay $36,846.
User Kadir Ercetin
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