Johntanaufmef Johntanaufmef

16-10-2020
Mathematics

contestada

Fred borrowed $4,000 from a bank to buy a motorcycle. He will pay back the loan in 3 years with simple interest, at an interest rate of 15% per year. What is the total amount the he will pay after 3 years?

Respuesta :

furgoku furgoku

16-10-2020

Answer:

$1800

Step-by-step explanation:

4000 × 3 = 12000

12000 × 0.15 = 1800

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