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Jim took a loan of R30 000.00 for 18 months at a simple interest rate of 12.5% per year. Determine the amount that Jim will pay in 18 months.​
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Jim took a loan of R30 000.00 for 18 months at a simple interest rate of 12.5% per year. Determine the amount that Jim

will pay in 18 months.​

User Brandin
by
3.1k points

1 Answer

3 votes

Answer:

R35625

Explanation:

(R30,000×.125×18/12)+R30000

=R35625

User Tedi
by
3.5k points
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