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raketka [301]
3 years ago
15

Please answer asappp

Mathematics
1 answer:
quester [9]3 years ago
5 0

Answer:

i think it would be mutiplying

Step-by-step explanation:

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If you borrow $12,000 for 30 months at 6.5% simple interest, what is the total amount you will have to repay?
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From your statement, i can assume that the interest 6.5% is for yearly.

30 months = 2.5 years

1 year interest for 100           = 6.5
1 year interest for 12000       = 6.5/100 * 12000
                                              = 780

2.5 years interest for 12000  = 780*2.5
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so the total amount that you have to pay 
12000 + 1950
$ 13950
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