Question

you borrow 3000 from the bank to buy your first car the interest rate 5 how much money will you owe the bank at the end of the year

Answer 1

£3150

Explanation:

is the correct 1

Answer 2

£3150

Explanation:

First you divide 5 by 100.

5% Interest Rate = 0.05

Then you times 3000 by 0.05.

3000 × 0.05 = 150

Then your add your answers together.

3000 + 150 = 3150