istg if anyone does gibberish to my question i will go feral
1) You borrowed $15,000 from your parents for a down payment on a house. You promised to pay them 3% interest for the next five years. How much interest will you pay your parents?
please help i will give the brainliest answer
Answers
Answered by
1
Step-by-step explanation:
Simple
Principle = $ 15,000
Rate = 3%
Time = 5 yrs
Si = P*R*T/ 100
Si = 15000 * 3 * 5 / 100
Si = 2250
So we pay $ 2250 as a interest for five yrs
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