u borrow 2000 for a period of 4 years you are charged simple interest at aa rate of 3% how much will you repay at the end of 4 years?
I = PRT
I = 2,000 * 0.03 * 4
I = ?
I + P = amount to be repaid
Yes, $2240 is correct.
what is p
?
I = 2,000 * 0.03 * 4
I = ?
I + P = amount to be repaid
?