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Yushio is borrowing $3,525 from Houghtonville National Bank for 2 years at 12.6% simple interest. How much will he need to repay the loan?
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1 vote
Yushio is borrowing $3,525 from Houghtonville National Bank for 2 years at 12.6%

simple interest. How much will he need to repay the loan?

User Yantraguru
by
7.9k points

2 Answers

2 votes

Answer:

Answer:

$1,392

Explanation:

1,200(0.08)(2) = 192

1,200 + 192 = $1,392

Explanation:

User Benchwarmer
by
7.9k points
1 vote

Answer:

3000

Explanation:

User Jon Jaques
by
8.2k points
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