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Sever21 [200]
3 years ago
14

You borrow $25,000 to buy a boat. The simple interest rate is 4%. You pay the loan off after 10 years. What is the total amount

you paid for the loan?
Mathematics
1 answer:
Anna35 [415]3 years ago
4 0

Answer:

$35000

Step-by-step explanation:

A = P(1+rt)

A = 25000*(1+4%*10)

A = 35000

BRAINLIEST PLEASEEEEEEEEEEE

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