You borrow $3200 to buy new kitchen appliances. The simple interest rate is 5%. You pay the loan off after 4 years. What is the total amount you paid for the loan?
$___
it is 3840. i get $3840
The answer would be 1,280
3200+3200=?
then you multiply what you got by 0.05
then multiply that by 4 and you get your answer.
my calculations dont make sense
Ur mum
P = Po + Po*r*t.
P = 3200 + 3200*0.05*4 =