Register

You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%

You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%
asked 135k views
2 votes
You are allowed 10 years to pay loan back find simple interest on the loan if you borrowed 3600 at 8%

asked
User Cintia
by
8.0k points

1 Answer

6 votes

Answer:

2880

Explanation:

I = Prt = 3600·0.08·10 = 2880

Interest is 2880.

answered
User Philsch
by
8.2k 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 =
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?
Write words to match the expression. 24- ( 6+3)
Link Copied!