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Alicia borrowed $3,000 from the bank at a rate of 12% simple interest per year. How much interest did she pay in 4 years?

Alicia borrowed $3,000 from the bank at a rate of 12% simple interest per year. How much interest did she pay in 4 years?
asked 25.0k views
3 votes
Alicia borrowed $3,000 from the bank at a rate of 12% simple interest per year. How much interest did she pay in 4 years?

asked
User Anton Skybun
by
9.2k points

1 Answer

6 votes

Answer:

Explanation:

I=PRT/100

P=3000

R=12%

T=4

I=3000*12*4/100

I=1440

answered
User Gustavo Bissolli
by
7.6k points
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