Question

You borrow $3200 to buy new kitchen appliances. The simple interest rate is 5%. You pay the loan off after 4 years. What is the total amount you paid for the loan?

$___

Answer 1

P = Po + Po*r*t.
P = 3200 + 3200*0.05*4 =

Answer 2

i duno

Answer 3

it is 3840. i get $3840

Answer 4

No u

Answer 5

Ur mum

Answer 6

The answer would be 1,280

3200+3200=?

then you multiply what you got by 0.05
then multiply that by 4 and you get your answer.

Answer 7

my calculations dont make sense