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mr_godi [17]
3 years ago
8

Adam borrowed $5,600 from the bank. The bank charges 4.2% simple interest each year.

Mathematics
1 answer:
Igoryamba3 years ago
4 0

Answer:

$235.2

Step-by-step explanation:

Given data

Principal=  $5,600

Rate= 4.2%

Time= 1 year

The expression for the simple interest is given as

SI= PRT/100

substitute

SI= 5600*4.2*1/100

SI= 23520/100

SI=$235.2

Hence after 1 year he will pay $235.2

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