Question

Anita took out a loan for 1,080 at 2% simple interest for 4 years. How much money did she have to pay in simple interest?

Answer 1

Answer:

I=Intrest generated

P=principle amount

R=Rate of intrest per annum

T=Time in years

TOTAL INTREST =86.4 (UNIT)

Step-by-step explanation:

I=(P×R×T)/100

I=(1080×2×4)/100

I=86.4