Find the amount paid for the loan.

$2000 at 12% for 3 years

They paid $720

Here's why:
The formula to this is Interest = Principal x Rate x Time or i = prt
Principal = $2000
Rate = 12%
Time = 3 years
2000 x .12 x 3 = i PEMDAS
2000 x .12 = 240
240 x 3 = 720
i = $720

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the law of definite proportions states samples of a compound will always contain the same proportion of elements by mass. in other words, a given compound will always contain the same elements in the same proportions by mass.the law of multiple proportions states when two elements combine with each other to form more than one compound, then the weights of one element that combine with a fixed weight of the other are in a ratio of small whole numbers.