Find the amount paid for the loan. $2000 at 12% for 3 years
Answers
Answered by
9
Answer:
$2720
Step-by-step explanation:
Interest = P×R×T /100
= 2000×12×3 /100
=72000/100 = $720
Amount = Principal + Interest
= $2000+$720 =$2720
Answered by
0
Step-by-step explanation:
given loan -2000
rate of intrest -12%
time 3 years
to find - amount paid for loan
sol- by formula -PNR/100
=2000×3×12÷100
=720 $
the amount paid for loan is $720
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