Find the amount of a loan of 3,000 at 4% per year and for 5 years. Question Find the amount of a loan of 3,000 at 4% per year and for 5 years. in progress 0 Math Arya 1 month 2021-10-27T02:39:23+00:00 2021-10-27T02:39:23+00:00 1 Answer 0 views 0

## Answers ( )

Answer:let,

Step-by-step explanation:Interest= PxTxR/ 100

=3000x4x5/100

=60,000/100

=600

now,

Amount= P+I

=3000+600

= 3600