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14 May, 03:35

To buy a laptop computer, Elaine borrowed $2,000 for 3 years at an annual simple interest rate of 5%. How much interest will she pay if she pays the entire loan off at the end of the third year? What is the total amount that she will repay?

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  1. 14 May, 03:46
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    6300 2000*3=6000

    6000+5%=6300

    so 6300 is the answer
  2. 14 May, 07:00
    0
    Rate of interest is the percent charged or earned. Time that ... 1) How much interest will he pay if he pays the entire loan off at the end of the third year? 2) What is the total amount that she will repay? ... To buy a laptop computer, Elaine borrowed $2,000 for 3 years at an annual simple interest rate of 5% ... Use 0.05 for 5%.
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