Ask Question
9 September, 07:30

If you borrow $12,000 for 30 months at 6.5% simple interest, what is the total amount you will have to repay?

+2
Answers (1)
  1. 9 September, 07:59
    0
    I = PRT

    I = 12000 x 0.065 x 2.5

    I = 1950

    I + P = total amt borrowed ... 1950 + 12000 = 13,950
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If you borrow $12,000 for 30 months at 6.5% simple interest, what is the total amount you will have to repay? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers