Question

Lisa borrows 2850 at 4.3 simple interest per year. When Lisa pays loan back 9 years later, what total amount that Lisa ends up repaying?

Answer 1

Ans : $3952.95.
   Interest = P.r.t = 2850 X 4.3 X 9 = 1,102.95 and
  The total amount is = 3952.95