Animeweeb07 Animeweeb07

16-12-2020
Mathematics

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Austin borrowed $3000 from the bank at a rate of 2.25% simple interest per year. How much total did he have to pay back after 5 years?

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Аноним Аноним

16-12-2020

Answer:

Austin will have to pay $33,750 for the simple interest.

Step-by-step explanation:

2.25% into decimal = 0.0225

0.0225 x 3000 = 6750

6750 x 5 = 33750

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