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You borrow $15,000 to buy a tractor. The simple interest rate is 4%. You pay the loan off after 8 years. What is the total amount you paid for the loan?

You borrow $15,000 to buy a tractor. The simple interest rate is 4%. You pay the loan off after 8 years. What is the total amount you paid for the loan?
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You borrow $15,000 to buy a tractor. The simple interest rate is 4%. You pay the loan off after 8 years. What is the total amount you paid for the loan?

User Nikolay Hristov
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1 Answer

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The answer to this question is 19800
User Juanreyesv
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