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Pablo borrowed $900 from a credit union for 3years and was charged simple interest at a rate of 3%. What is the amount of interest he paid at the end of the loan?

Pablo borrowed $900 from a credit union for 3years and was charged simple interest at a rate of 3%. What is the amount of interest he paid at the end of the loan?
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Pablo borrowed $900 from a credit union for 3years and was charged simple interest at a rate of 3%. What is the amount of interest he paid at the end of the loan?

asked
User Frostrock
by
8.1k points

2 Answers

2 votes

Answer:

amount of interest paid 83.45 or total paid 983.45

Explanation:

900 × (1.03)^3 = 983.4543

answered
User Ludder
by
7.7k points
2 votes

Answer:81

Explanation:

answered
User Rfkortekaas
by
9.4k points
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