Asked by carlene cal

1. Mr. Thimbrel borrowed $5,600 from the bank at 8.5% per annum simple interest for 6 years. Calculate:
a) The sum of money paid in interest to the bank.



b) The total amount of money repaid to the bank.



c) The value of each monthly installment
Answered by oobleck
(a) i = Prt = 5600 * 0.085 * 6
(b) 5600 + (a)
(c) (b)/72
Answered by Glenice
96.00
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