3 years ago

Emilio borrows $1200 from a bank with 7.5% simple interest per year. How much will he have to pay back total in 4 years?

Mathematics

2 answers:

Eddi Din [679]3 years ago

5 0

Answer:

$1,560

Step-by-step explanation:

7.5% of $1,200 is 90. 90 times 4 (as in 4 years) is 360.

$360 plus $1,200 is $1,560.

seropon [69]3 years ago

4 0

Answer:

1560

Step-by-step explanation:

1200*0.075 = 90

1200+90+90+90+90

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