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A customer wanted to borrow $2 000 from a bank. He was told that the rate of interest was 12% per annum. What amount would the customer have to pay back if he had to repay the loan in 3 years?? can someone
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A customer wanted to borrow $2 000 from a bank. He was told that the rate of interest was 12% per annum. What amount would the customer have to pay back if he had to repay the loan in 3 years??

can someone please help??​

User Curmil
by
7.9k points

1 Answer

4 votes

Answer:

$720

Explanation:

  1. $2000×12%×3years
  2. 100
  3. 2×12×3
  4. 24×3
  5. $720.
  6. was just trying.
User Markthegrea
by
8.1k points
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