Question
A bank charge 7.5% simple interest per year.Susie takes out a loan from this bank for 3 years.she pays a total of 1867.50 interest per year,how much she borrowed?
Answers
I = PRT
1867.5 = P * 0.075 * 3
1867.5 = P * 0.075 * 3
Related Questions
you borrow $1200 from a bank that bank charges 9.5% simple annual interest. after 15 months you pay...
Louis borrowed $500 from his bank. His bank will charge Louis 8% simple interest per year to loan hi...
Raymond bought a car 40000. He took a 20000 loan from a bank at a simple interest rate 15% per year....