3 years ago

Mary borrowed $3,000 from the bank with a simple interest rate of 6%

Mathematics

2 answers:

masya89 [10]3 years ago

3 0

Answer:

She will owe $180 of interest after one year.

She will owe $720 of interest after four years.

She will need to pay the bank $3,720 to completely pay off the loan.

Step-by-step explanation:

nalin [4]3 years ago

3 0

Answer:

Interest for 1 year =3000*6*1/100

S.I=180

INTEREST FOR FOUR YEARS =180*4=720

AMOUNT AFRER 4 YEARS=720+3000

=3720..

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