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3 years ago

14

Robert gets a lone from his bank. he agrees to borrow £6000 at a fixed annual simple interest rate of 7%. He also agrees to pay

the loan back after a 10-year period. How much money in total will he have paid back at the end of 10 years?

1 answer:

Natali5045456 [20]3 years ago

4 0

Answer:

£10200

Step-by-step explanation:

£6000x7%= £420

£420x10= £4200

£6000+£4200= £10200

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