1808961 1808961
  • 12-03-2020
  • Mathematics
contestada

Find the amount paid for the loan.
$2000 at 12% for 3 years

Respuesta :

alyssamills2004
alyssamills2004 alyssamills2004
  • 12-03-2020

Answer:

240 a year which is 720 for 3 years

Answer Link
temitopefasola11
temitopefasola11 temitopefasola11
  • 12-03-2020

Answer:

$2720

Step-by-step explanation:

P = $2000

R = 12%

T = 3years

Interest = (P × R × T) / 100

= $2000 × 12 × 3 / 100

= $720

Amount = P + I

= $2000 + $720

= $2720

Answer Link

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