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valentina_108 [34]
2 years ago
10

To buy a laptop computer, Elaine borrowed $2,000 for 3 years at an annual simple interest rate of 5%. How much interest will she

pay if she pays the entire loan off at the end of the third year? What is the total amount that she will repay?
Mathematics
2 answers:
Sliva [168]2 years ago
7 0
<span><span>Rate of interest is the percent charged or earned. Time that ... 1) How much interest will he pay if he pays the entire loan off at the end of the third year? 2) What is the total amount that she will repay? ... To buy a laptop computer, Elaine borrowed $2,000 for 3 years at an annual simple interest rate of 5%. ... Use 0.05 for 5%.</span><span>
</span></span>
NNADVOKAT [17]2 years ago
4 0
6300 2000*3=6000
6000+5%=6300
so 6300 is the answer
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f

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