Register

Devon’s mother borrowed $4,000 to have some repairs done on the house. The bank is charging 9% simple annual interest on the loan. How much interest will Devon’s mother owe at t…

Devon’s mother borrowed $4,000 to have some repairs done on the house. The bank is charging 9% simple annual interest on the loan. How much interest will Devon’s mother owe at t…
asked 119k views
2 votes
Devon’s mother borrowed $4,000 to have some repairs done on the house. The bank is charging 9% simple annual interest on the loan. How much interest will Devon’s mother owe at the end of 3 years?

asked
User Sassa NF
by
8.2k points

2 Answers

2 votes

Answer:

1,080

Explanation:

answered
User Dean Meehan
by
8.3k points
3 votes
I=prt
I=4,000×0.09×3
I=1,080
answered
User Will Holtz
by
9.0k points
← Prev Question Next Question →

Related questions

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 =
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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!