Register

LOOK HERE IF YOU ANSWER CORRECTLY YOU PASS 8th grade You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?

LOOK HERE IF YOU ANSWER CORRECTLY YOU PASS 8th grade You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?
asked 85.2k views
7 votes
LOOK HERE IF YOU ANSWER CORRECTLY YOU PASS 8th grade

You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?

asked
User Jeff Janes
by
9.0k points

1 Answer

6 votes

Answer:

$3,700

Explanation:

16% of 2500=400

400×3(years)=1200

2500+1200=3700

answered
User OM Bharatiya
by
8.3k points
← Prev Question Next Question →

Related questions

User Kwhitejr
asked Dec 12, 2022 195k views
You get a loan for $2500 with a simple interst of 16% for 3 years. How much to you have to pay back?
Kwhitejr asked Dec 12, 2022
by Kwhitejr
8.3k points
1 answer
13 votes
195k views
User Logan Bibby
asked Jul 5, 2024 154k views
If Miguel paid $525 interst on a loan that a 5% simple interest rate, how much did he borrow?
Logan Bibby asked Jul 5, 2024
by Logan Bibby
8.2k points
2 answers
2 votes
154k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!