At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

Your family plans to start a small business in your neighborhood. Your father borrows
$10, 000 from the bank at an annual interest rate of 8% rate for 36 months. What is the
amount of interest he will pay on this loan?