Question

Von borrowed K10000 from a bank at the simple interest of 12% per year which she agrees to repay after 3 years. What is the total amount of interest Von would pay?

Answer 1

The total amount of interest Von would pay can be calculated using the formula for simple interest:

Interest = Principal * Rate * Time

where Principal is the initial amount borrowed, Rate is the interest rate per year, and Time is the number of years.

In this case, the Principal (amount Von borrowed) is K10000, the Rate is 12% (or 0.12) per year, and the Time is 3 years.

Interest = K10000 * 0.12 * 3

Interest = K1200 per year

Therefore, the total amount of interest Von would pay after 3 years is K1200 * 3 = K3600.

Answer 2

Von borrowed $10 000 from a bank at a simple interest of 12% per year which she agrees to repay after 3 years. What is the total amount of interest Von would pay?

Answer 3

To find the total amount of interest Von would pay, we can use the formula for simple interest:

Interest = Principal * Rate * Time

In this case, the Principal (amount Von borrowed) is $10,000, the Rate is 12% (or 0.12) per year, and the Time is 3 years.

Interest = $10,000 * 0.12 * 3

Interest = $3,600

Therefore, the total amount of interest Von would pay after 3 years is $3,600.