A student borrows 4000 at 15% for 3 months to pay tuition find the total amount due using simple interest

asked Mar 3, 2023 139k views

12 votes

5.1k points

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8 votes

Answer:

4,150

Explanation:

Bschandramohan answered Mar 6, 2023

5.6k points

12 votes

Answer:

Explanation:

$A=p(1+rt)\\p=4000\\r=15 \%\\t=(1)/(3)years\\$

∴
$A=4000[1+(0.15*(1)/(3))]\\A=4,000*0.05\\A= 4,200 (200\$

Mickie answered Mar 8, 2023

4.7k points

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