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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%
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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
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