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If you borrow $1,200 for 3 years at an annual interest rate of 4% how much will you pay altogether​

If you borrow $1,200 for 3 years at an annual interest rate of 4% how much will you pay altogether​
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2 votes
If you borrow $1,200 for 3 years at an annual interest rate of 4% how much will you pay altogether​

User EvaBat
by
8.5k points

1 Answer

6 votes

Answer:

$1,344.00

Explanation:

A=P(1+rt)

A=1,200(1+(0.04)(0.03))

User Bruce The Hoon
by
8.5k points
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