SOLUTION: Bill borrows $1200 at 4% for 3 years. How much does he pay back in total
Algebra.Com
Question 953139: Bill borrows $1200 at 4% for 3 years. How much does he pay back in total
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=1200*0.04*3
I=144
total payback= 1344
RELATED QUESTIONS
Claudia borrows R1000 at 10% interest for 1 year
How much must she pay back at the end... (answered by Mtrkcrc)
Business Loan: The owner of a clothing store borrows $5,020 for 1 year at 15.5% interest. (answered by solver91311)
Your brother borrows $1,200 from you. Since he’s family, you allow him to pay simple... (answered by ella13)
michelle borrows a total of 3000 from two lenders. one charges 4.6% simple interest the... (answered by Boreal)
Starting on July 1, 2000, Peter borrows $8,900.00 each year for 4 years from his dear... (answered by ikleyn)
Starting on July 1, 2000, Peter borrows
$7600 each year for 4 years from his dear Aunt (answered by ikleyn)
Starting on July 1, 2000, Peter borrows each year for 4 years from his dear Aunt May to... (answered by ikleyn)
Please help me with this question
Starting on July 1, 2000, Peter borrows $8400... (answered by ikleyn)
Starting on July 1, 2000, Peter borrows $8,700.00 each year for 4 years from his dear... (answered by ikleyn)