Question

Tamsyn borrowed $6000 from her uncle to buy a used car. Her uncle charged

her an annual simple interest rate of 7%. After 6 years, Tamsyn repaid her
uncle in one payment, with interest. What was the total amount Tamsyn paid
her uncle?

Answer 1

38.621

Explanation:

$6,000^(.07*6)

.07 being 7% and 6 being years