Question

choco borrowed $10 000.00 from a bank for 4 years at 8 per cent per annum. calculate simple interest that choco should pay and find how much she had to repay for the four years altogether

Answer 1

I = PRT

I = 10,000 * 0.08 * 4

I = 3,200

Add the interest to the principal to find the total owed.

Answer 2

thank you

Answer 3

You're welcome.