Your family plans to start a small business in your neighborhood. Your father borrows $10,000 from the bank at an annual interest rate of 8% rate for 36 months. What is the amount of interest he will pay on this loan?

12,400

Step-by-step explanation:

36 months /12 months = 3 years

3 years x .08 rate = .24 interest + 1 loan = 1.24 loan

1.24 x 10,000 = 12,400

12,400

Step-by-step explanation:

36 months /12 months = 3 years

3 years x .08 rate = .24 interest + 1 loan = 1.24 loan

1.24 x 10,000 = 12,400

answer: 1,380

step-by-step explanation:

1: you turn %15 into a decimal by moving the decimal point two places to the left.

2: and then you multiply .15 by 1,200 , which will get you 180.00

3: from there you will add 180 to 1,200

4: which will get you 1,380

hope it *im kind of slow so idk if my answer is right*

need more information

step-by-step explanation: