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Jade borrowed $5,000 from a bank to buy a car. She will pay back the loan in 3 years with simple interest, at an interest rate of 18% per year. What is the total amount that she will pay after 3 years?


pls i will give brainly

Respuesta :

Answer:

$2,700

Step-by-step explanation:

patrickperpetual

Step-by-step explanation:

borrowed amount -$5000

interest rates -18% per year(3 years interval)

18/100 × 5000/1 =

90000/100=900

900×3=

2700

I.e in 3yrs she will pay

5000+2700=$7700

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