aubreyprice56
aubreyprice56 aubreyprice56
  • 08-05-2017
  • Mathematics
contestada


Miguel borrows $2000 for 3 years at 8% simple interest.
How much will he have to pay altogether to pay off the loan, including interest?

Respuesta :

apologiabiology
apologiabiology apologiabiology
  • 08-05-2017
interest+original=amount to pay off

intrest=prinicpal times rate times time
interest=2000 times 3 times 0.08
interest=480

so total is 2000+480 or 2480 to pay off
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