Asked by Bridget. One question

You borrow $2,000 for a period of 4 years. You are charged simple interest at a rate of 3%. How much will you repay at the end of 4 years?

Explain
Answered by Ms. Sue
I = Prt

I = 2,000 * 0.03 * 4

I = 240

2,000 + 240 = ?

Answered by Bridget. One question
Oh wait, all I have to do is multiply all the numbers then add the money with the answer I got when I multiplied?
Answered by Damon
Yes, you owe the principal of 2,000 plus the total interest which is 240
Answered by hi
so the answer is 2.240
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