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Jack borrowed a sum of 12000$ from a financing company for 3 years at 15% per annum. What is the total interest he paid in 3 years?

Jack borrowed a sum of 12000$ from a financing company for 3 years at 15% per annum. What is the total interest he paid in 3 years?
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Jack borrowed a sum of 12000$ from a financing company for 3 years at 15% per annum. What is the total interest he paid in 3 years?

asked
User Vonda
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8.2k points

1 Answer

2 votes

12000*.15=1800

1800*3=5400

12000+5400=

17400

answered
User Pratham
by
8.2k points
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