u borrow 2000 for a period of 4 years you are charged simple interest at aa rate of 3% how much will you repay at the end of 4 years?

Answer 1

I = PRT
I = 2,000 * 0.03 * 4
I = ?

I + P = amount to be repaid

Answer 2

what is p
?

Answer 3

principal, the initial amount 2000

Answer 4

so the answer is 2,240?

Answer 5

please tell me the answer!

Answer 6

Yes, $2240 is correct.

Answer 7

yay i got it