You borrow $10,000 to buy a car. The simple interest rate is 3%. You pay the loan off after 6 years. What is the total amount you paid for the loan?
Anonymous:
11,800/-
Answers
Answered by
1
Answer:
$11,800
Step-by-step explanation:
Answered by
0
Answer:
Step-by-step explanation:
Principle = $10000
Rate of interest = 3%
Time = 6years
Amount = PTR/100
A = 10000×3×6/100
= 1800
SI = A+P
= 10000+1800
= $11800
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