Register

Yushio is borrowing $3,525 from Houghtonville National Bank for 2 years at 12.6% simple interest. How much will he need to repay the loan?

Yushio is borrowing $3,525 from Houghtonville National Bank for 2 years at 12.6% simple interest. How much will he need to repay the loan?
asked 48.5k views
1 vote
Yushio is borrowing $3,525 from Houghtonville National Bank for 2 years at 12.6%

simple interest. How much will he need to repay the loan?

asked
User Yantraguru
by
8.5k points

2 Answers

2 votes

Answer:

Answer:

$1,392

Explanation:

1,200(0.08)(2) = 192

1,200 + 192 = $1,392

Explanation:

answered
User Benchwarmer
by
8.2k points
1 vote

Answer:

3000

Explanation:

answered
User Jon Jaques
by
8.6k 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 =
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!