Register

You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? i really need help plz

You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? i really need help plz
asked 113k views
5 votes
You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years? i really need help plz

asked
User Mephisztoe
by
9.0k points

2 Answers

2 votes
You will you use the formula “I=PRT” I have wrote down the steps, as well as the answer. I do suggest taking a look at the formula for practice too.
You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate-example-1
answered
User Adam Radomski
by
7.9k points
7 votes

Answer:

2

Explanation:

2

answered
User Gabriel Hautclocq
by
8.5k points
← Prev Question Next Question →

No related questions found

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 =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!