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19. You borrow $3000 (prinupal) for 4 years and pay a 9% interest 9 rate. How much interest do you pay ?

19. You borrow $3000 (prinupal) for 4 years and pay a 9% interest 9 rate. How much interest do you pay ?
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12 votes
19. You borrow

$3000 (prinupal)
for 4 years and
pay a 9% interest
9
rate. How much
interest do you
pay ?

User Steffi Keran Rani J
by
8.8k points

1 Answer

7 votes

Answer

Interest =1080

Explanation:

The formula to solve interest is Principal times Rate times Time

19. You borrow $3000 (prinupal) for 4 years and pay a 9% interest 9 rate. How much-example-1
User Alexandr Sulimov
by
8.8k points
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