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

User Ivan Hreskiv
by
2.7k points

2 Answers

9 votes
9 votes

Answer:

4,150

Explanation:

User Hyddan
by
2.8k points
14 votes
14 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\

User Ali Irawan
by
2.9k points
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