Register

Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?

Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?
asked 5.3k views
0 votes
Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?

asked
User Laxer
by
7.0k points

2 Answers

7 votes
The answer is $360
Hope this helps !
answered
User AntouanK
by
8.1k points
5 votes

Answer:$360

Explanation:

I=PRT

I=12/100×2000×1.5

I=24×1.5

I=$360

answered
User Klind
by
8.8k points
← Prev Question Next Question →

Related questions

User Vigneshwaren
asked Feb 3, 2021 178k views
Calculate 12% simple interest to be paid on a loan of $2000 repaid in 1 1/2 year?
Vigneshwaren asked Feb 3, 2021
by Vigneshwaren
7.8k points
2 answers
4 votes
178k views
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!