cicileyblackmore8 cicileyblackmore8

15-06-2021
Mathematics

contestada

Calculate the amount of simple interest you would pay on a loan of $20,000 at a rate of 5.6% per annum for three years?

Respuesta :

AnimeNadine AnimeNadine

19-06-2021

Answer:

3360

Step-by-step explanation:

simple interest=principle*rate*time/100

simple interest=20000*5.6*3/100

simple interest= 200*5.6*3

simple interest = 3360

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