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Write an equation for the scenario. You take out a loan of $180,000 for a house. You have an interest rate of 3.9% annually.
Question
Write an equation for the scenario.
You take out a loan of $180,000 for a house. You have an interest rate of 3.9% annually.
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Mathematics
4 years
2021-07-16T03:14:04+00:00
2021-07-16T03:14:04+00:00 1 Answers
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Answer:
simple interest =PTR/100=$180000×1×3.9/100=$7020