Question

Albert borrowed $12,000 at a simple interest rate of 6.9%. He paid off the loan in 5 years. What is the total amount that Albert paid?

A. 4,140
B. 16,140
C. 7,860
D. 414,000​

Answer 1

the answer is A 4140

Explanation:

multiply 12,000 ans 6.9 as a decimal so it would be 12,000*0.69 then you multiply your answer 8280 with the time which is 5 and you get your answer i think not sure