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
Ms. Sue
I = PRT

I = 10,000 * 0.08 * 4

I = 3,200

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

thank you
Ms. Sue
You're welcome.

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