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Thang decided to borrow $4000 from his local bank to help pay for a car . his loan was for 3 years at a simple interest rate if 6% . how much will thanh pay ?

Thang decided to borrow $4000 from his local bank to help pay for a car . his loan was for 3 years at a simple interest rate if 6% . how much will thanh pay ?
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4 votes
thang decided to borrow $4000 from his local bank to help pay for a car . his loan was for 3 years at a simple interest rate if 6% . how much will thanh pay ?

asked
User Loves Probability
by
7.5k points

2 Answers

2 votes
I believe the answer is 4764.06 dollars.
answered
User Mike Fuchs
by
8.4k points
4 votes
4000x.06=240
240x3=720
4000+720=4720$
answered
User Jaydeep Galani
by
7.8k points
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