i borrowed R3 000 from the bank . the contract stipulates that i have to repay the bank R3 900 after 2 years . how much much interest must i pay the bank per year
Step-by-step explanation: If you borrow 3000 dollars and after 2 years you have to pay 3,900 then after 2 years the intrest is 900 dollars, divide that by 2 for the two years and you get a yearly 450 dollars.
