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Find the amount paid for a loan of $1000 at 5% for 3 years.
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1 vote
Find the amount paid for a loan of $1000 at 5% for 3 years.

User Malarres
by
4.5k points

2 Answers

2 votes

Answer:

150

Explanation:

First you would multiply 1,000 by 0.05 and get 50.

Then, you would multiply 50 by three to get 150.

User Muthukumar Anbalagan
by
5.7k points
6 votes

Answer:

1150

Explanation:

Find the amount paid for a loan of $1000 at 5% for 3 years.-example-1
User UncleCheese
by
4.9k points
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