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28-09-2019
Mathematics

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thang decided to buy $2000 from his local bank to help pay for a car his loan was for 3 years at a simple interest rate of 8% how much interest will thang pay

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Ferastical Ferastical

28-09-2019

Answer:

Thang will pay his bank $480 in interest.

Step-by-step explanation:

8% of 2000 is equal to

[tex]2000 \times 0.08 = 160[/tex]

160.

$160 over a period of 3 years is equal to

[tex]160 \times 3 = 480[/tex]

$480.

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