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Charlotte borrows $9000 to buy a second-hand car. The loan must be repaid
over 5 years at 12% p.a. simple interest. Calculate the
total amount to be repaid

Sagot :

lucasfavour12

Answer:

$13,400

Step-by-step explanation:

Simple Interest = principal × rate × time

principal= $9000

Rate= 12/100=0•12

Time=5years

Simple interest =PRT

= 9000× 0•12 × 5

= 5400

Total amount to be paid = 9000 + 5400

= $13400

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