ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Brandy borrowed $12, 500 from her dad and made an agreement to pay him back over 4 years at an annual simple interest of 3%. What is the total amount she will pay her dad over the 4 years?
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$15, 000
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$1, 500
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$14, 000
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$150, 000
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Explanation:
Detailed explanation-1: -Answer.-14, 000 is the TOTAL account balance.
There is 1 question to complete.