Register

You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%

You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%
135k views
2 votes
You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%

User Cintia
by
8.0k points

1 Answer

6 votes

Answer:

2880

Explanation:

I = Prt = 3600·0.08·10 = 2880

Interest is 2880.

User Philsch
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!