mathematics

james took out a simple interest account three years ago. he has earned $360 in interest so far if his original loan amount was for $30,000 and she is paying off the loan over 20 years, ow much will he pay altogether?

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  1. 360/30000 = 1.2% in 3 years, so after 20 years,
    30000 + (20/3)*360 = 32400

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