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You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? i really need help plz
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You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? i really need help plz

User Mephisztoe
by
5.4k points

2 Answers

2 votes
You will you use the formula “I=PRT” I have wrote down the steps, as well as the answer. I do suggest taking a look at the formula for practice too.
You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate-example-1
User Adam Radomski
by
4.1k points
7 votes

Answer:

2

Explanation:

2

User Gabriel Hautclocq
by
4.4k points
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