Find the amount of a loan of 3,000 at 4% per year and for 5 years.​

Question

Find the amount of a loan of 3,000 at 4% per year and for 5 years.​

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Arya 1 month 2021-10-27T02:39:23+00:00 1 Answer 0 views 0

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    2021-10-27T02:40:24+00:00

    Answer:

    let,

    Step-by-step explanation:

    Interest= PxTxR/ 100

    =3000x4x5/100

    =60,000/100

    =600

    now,

    Amount= P+I

    =3000+600

    = 3600

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