Asked by Nick

You borrow $200. The simple interest rate is 12%. You pay off the loan after 2 years. How much doe you pay for the lone

4 years ago

Answered by oobleck

I = Prt = 200 * 0.12 * 2 = ___
add that to the starting principal to get the payoff amount

4 years ago

Answered by beans

beans

3 years ago

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