Question

HALP MOI PLZZZZZZZ. IT'S EASY SO PLEASE. Ace borrowed $2000 from a friend and agreed to pay 12% annual interest for a period 3 years. At the end of 3 years, how much principal plus interest will ace owe his friend?

Answer 1

Answer:

Concept: Interest Rate

1. 2000×0.12=240
2. $240 × 3 = 720
3. Principal= 2000
4. Interest paid= 720