Register

Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?

Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?
asked 45.5k views
3 votes
Rachel borrows $2,000 from her bank. At a simple interest rate of 3%, how much does she have to pay back in 5 years?

asked
User Debbee
by
7.9k points

2 Answers

6 votes

Answer:2300

Explanation:

answered
User Razican
by
8.1k points
7 votes

Answer:

$2060

Explanation:

3% of 2000 = 60

2000+ 60 =2060

answered
User Rishi Kesh Dwivedi
by
8.6k points
← Prev Question Next Question →

No related questions found

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 =
What is .725 as a fraction
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!