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

asked Jun 8, 2023 204k views

12 votes

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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7 votes

Answer

Interest =1080

Explanation:

The formula to solve interest is Principal times Rate times Time

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