3. Josh borrowed $3500 at an annual rate of simple interest of 12%
Calculate the amount Josh repays after 2 years.
Respostas
respondido por:
3
Resposta: $4340,00
Explicação passo-a-passo:
C =$3500
i = 12% = 0.12each year
n = 2y
M = C . [1 + (i * n)]
M = 3500 [1 + (0,12 * 2)]
M = 3500 . (1+0.24)
M = 3500 . 1.24
M = 4340.00
respondido por:
2
Resposta:
840
Explicação passo-a-passo:
2 years = 24%
24% of 3500
24 X 35 = 840
1 1 1
The zeros when multiplying the fraction disappear
24%= 840
The 2-year interest rate will be $840
sorry if there are any mistakes in my writing,I don't really know much English
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