Cleotilde8491 Cleotilde8491

26-11-2021
Business

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A bank offers a home improvement loan with simple interest at an annual rate of 12%. J. T. Borrows $14,000 over a period of 3 years. How much will he pay back altogether?.

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mkrooska mkrooska

26-11-2021

He will pay back $19,040 in total, his interest accumulated over 3 years would be $5,040.

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Zenitsu199 Zenitsu199

29-11-2021

it would be 5,020

add that to 14,000

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