Jaleia borrows $1500 from the bank. To pay back the loan this year, she will pay the bank the amount she borrowed plus 12% simple interest. Jaleia wants to know the total amount she will pay back

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asked Dec 3, 2021 59.2k views

5 votes

Jaleia borrows $1500 from the bank. To pay back the loan this year, she will pay the bank the amount she borrowed plus 12% simple interest. Jaleia wants to know the total amount she will pay back

Mathematics
high-school

CaffeineConnoisseur asked

by CaffeineConnoisseur

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4 votes

Answer

1680

Explanation:

180 as simple interest 1680 as total amount to pay back

Adam Gerard answered Dec 5, 2021

by Adam Gerard

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Answer:

$1860

Explanation:

12% of 1500 = 180

180 x 2 = 360

1500 + 360=1860

Adrian Oprea answered Dec 9, 2021

by Adrian Oprea

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