Robert gets a loan from his bank. He agrees to borrow £6 000 at a fixed annual simple interest rate of 7%. He also agrees to pay the loan back over a 10-year period. How much money in total will he have

Robert gets a loan from his bank.

He agrees to borrow £6 000 at a fixed annual simple interest rate of 7%.
He also agrees to pay the loan back over a 10-year period.
How much money in total will he have paid back at the end of the 10 years?

1 Answer

Robert gets a loan from his bank. He agrees to borrow £6 000 at a fixed annual simple interest rate of 7%. He also agrees to pay the loan back over a 10-year period. How much mo…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions