SOLUTION: Find the amount to be repaid on a loan of $3200 at a simple interest rate of 9% for 2 years.

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Question 1180734: Find the amount to be repaid on a loan of $3200 at a
simple interest rate of 9% for 2 years.
Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.

The amount to be repaid on a loan of $3200 at a simple interest rate of 9% for 2 years is


      3200*(1 + 0.09*2) = 3776  dollars.      ANSWER

Solved.

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To see many other similar solved problems on simple interest,  look into the lesson
    - Simple interest percentage problems
in this site.