Question

Steph took out a simple interest loan that charges 8% interest annually. If her original loan amount was for $30,000 and she is paying off the loan over 20 years, how much will she pay altogether?

Answer 1

He will be paid Intrest + loan amount

Intrest =PRT/100

=30,000 ×8×20/100=48000

Therefore total amount will be 48000+30000=78000

therefore Steve will pay 78000 all together

Answer 2

Answer:

u answer is 78000, hope it will help