What is the total of their monthly expenses??? FIRST ANSWER GETS BRAINLIEST
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Answer:
£10200
Step-by-step explanation:
Amount borrowed (P) = £6000
Rate of interest (R) = 7%
Time (T) = 10 years
First, let us calculate the simple interest (SI) for 10 years.
Formula for simple interest is given as:
Plugging the values of P, R and T in the above formula, we find:
S.I.= £4200
Total money paid back at the end of the 10 years
= £6000 + £4200
= £10200