A bank offers simple interest loans at an interest rate of 6% per year. How much interest will you pay if you borrow.$1,200 for 3 years?

Question

A bank offers simple interest loans at an interest rate of 6% per year. How much interest will you pay if you borrow.$1,200 for 3 years?

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Maris 5 years 2021-08-01T05:05:35+00:00 1 Answers 17 views 0

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  1. Dulcie
    0
    2021-08-01T05:06:51+00:00
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    Answer:

    $216

    Step-by-step explanation:

    6% of 1200 = 72

    72×3=216

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