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A student borrows 4000 at 15% for 3 months to pay tuition find the total amount due using simple interest

A student borrows 4000 at 15% for 3 months to pay tuition find the total amount due using simple interest
asked 139k views
12 votes
A student borrows 4000 at 15% for 3 months to pay tuition find the total amount due using simple interest

asked
User Brian Webster
by
7.7k points

2 Answers

8 votes

Answer:

4,150

Explanation:

answered
User Bschandramohan
by
8.3k points
12 votes

Answer:

Explanation:


A=p(1+rt)\\p=4000\\r=15 \%\\t=(1)/(3)years\\

∴
A=4000[1+(0.15*(1)/(3))]\\A=4,000*0.05\\A= 4,200 (200\

answered
User Mickie
by
7.4k points
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