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Find the amount paid for the loan.$2000 at 12% for 3 years a lot of people are saying it's 720 and i keep getting that but i'm always wrong!:(

Find the amount paid for the loan.$2000 at 12% for 3 years a lot of people are saying it's 720 and i keep getting that but i'm always wrong!:(
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Find the amount paid for the loan.$2000 at 12% for 3 years a lot of people are saying it's 720 and i keep getting that but i'm always wrong!:(

asked
User Kenske
by
7.8k points

1 Answer

3 votes
They're probably asking for the total payment, so add $720 to the initial amount, $2,000, so the answer is $2,720.
answered
User Roelof
by
8.3k points
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