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stepladder [879]

3 years ago

6

You borrow $1200 to buy a piano. the simple interest rate is 12%. you pay off the loan after 4 years. how much do you pay for th

e loan?

2 answers:

bezimeni [28]3 years ago

4 0

The answer is 1200 + 576 = 1776

Kruka [31]3 years ago

3 0

S.I = PTR/100

SI = 1200*4*12 /100
= 576

amount = 1200+ 576 = 1776

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