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You borrow $10,000 to buy a car. The simple interest rate is 3%. You pay the loan off after 6 years. What is the total amount you paid for the loan?

You borrow $10,000 to buy a car. The simple interest rate is 3%. You pay the loan off after 6 years. What is the total amount you paid for the loan?
asked 154k views
4 votes
You borrow $10,000 to buy a car. The simple interest rate is 3%. You pay the loan off after 6 years. What

is the total amount you paid for the loan?

asked
User Zackygaurav
by
8.1k points

1 Answer

11 votes
10,000+1,800=11,800 that’s the answer I believe
answered
User Quality
by
8.3k points
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