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Craig borrows $1000 at 9% simple interest per year. When Craig pays the loan back 11 years later, what is the total amount that Craig ends up repaying?
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13 votes
Craig borrows $1000 at 9% simple interest per year. When Craig pays the loan back 11 years later, what is the total amount that Craig ends up repaying?

User Matthew Schlachter
by
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2 Answers

2 votes
The answer for your question will be 1990 dollars!
User Harvey Darvey
by
4.4k points
9 votes
total amount: $1990
User Baxang
by
4.5k points
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