Ask Question
29 April, 10:21

A bank loans a customer $87,000 for a period of 15 years. The simple interest rate of the loan is 9.2% What is the total amount that the customer will need to pay the bank over the 15 years.

+5
Answers (1)
  1. 29 April, 12:14
    0
    Use the formula A = P (1+rt). P is equal to 87,000, R is 9.2 and T is 15. Answer is $325,730.80
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A bank loans a customer $87,000 for a period of 15 years. The simple interest rate of the loan is 9.2% What is the total amount that the ...” 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