Question

A customer wanted to borrow $2 000 from a bank. He was told that the rate of interest was 12% per annum. What amount would the customer have to pay back if he had to repay the loan in 3 years??

can someone please help??​

Answer 1

$720

Explanation:

1. $2000×12%×3years
2. 100
3. 2×12×3
4. 24×3
5. $720.
6. was just trying.