Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
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?
Pls help me out i am begging you i really need help i cant fail! PLS! as soon as possible would be great!
4 answers
Guys pls help me
Simple Interest = PRT
sub in our given numbers
= 2000(.03)(4) =240
So you need to pay back $2240
(You MUST know how to do such a simple question.)
sub in our given numbers
= 2000(.03)(4) =240
So you need to pay back $2240
(You MUST know how to do such a simple question.)
Thank you so much! And no i dont -_-
ok so can anyone tell me some tips on how to solve this question
52 answers