Mathematics, 29.01.2021 14:00 zookieblu

Robert gets a loan from his bank. He agrees to borrow £6000 at a fixed annual simple interest rate of 7%.
He also agrees to pay the loan back over a 10 year period.

How much money in total would he have paid back in 10 years?

Answers: 1

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Robert gets a loan from his bank. He agrees to borrow £6000 at a fixed annual simple interest rate of 7%. He also agrees to pay the loan back over a 10 year period. How much money in total would he have paid back in 10 years?

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Another question on Mathematics

Robert gets a loan from his bank. He agrees to borrow £6000 at a fixed annual simple interest rate of 7%.
He also agrees to pay the loan back over a 10 year period.

How much money in total would he have paid back in 10 years?