Question

John borrows R3000 from the bank .he must repay the loan after 3 years . the bank changes compound interest at 10% per annum .how much interest will John pay over the three years​

Answer 1

Explanation:

10 percent of 3000 = 300

3000+300=3300

3300+300=3600

3600+300=3900

interest = 3900-3000

= R900

he will pay R900 interest over 3 years.

i think this is the answer.