SOLUTION: Bill borrows $1200 at 4% for 3 years. How much does he pay back in total

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Bill borrows $1200 at 4% for 3 years. How much does he pay back in total       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 953139: Bill borrows $1200 at 4% for 3 years. How much does he pay back in total
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=1200*0.04*3
I=144
total payback= 1344