document.write( "Question 729568: Calculate simple interest payable on a loan of $12000 borrowed from a bank at 15% per annum for 3 years \n" ); document.write( "

Algebra.Com's Answer #853141 by ikleyn(53427) $\"\"$ $\"About$

You can put this solution on YOUR website!
.
\n" ); document.write( "Calculate simple interest payable on a loan of $12000 borrowed from a bank at 15% per annum for 3 years.
\n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~~~~~~\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "

\r\n" );
document.write( "Use standard formula for the simple interest\r\n" );
document.write( "\r\n" );
document.write( "    I = 12000*3*0.15 = 5400 dollars.    ANSWER\r\n" );
document.write( "

\r
\n" ); document.write( "\n" ); document.write( "Solved.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "------------------------------\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "The answer in the post by @lynnlo is incorrect, so ignore his post.\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " \n" ); document.write( "

\n" );