Mathematics, 30.09.2019 17:20 25627mack

The shoe store manager borrowed $17,000.00 from the
bank to purchase 1000 pairs of shoes. the bank charges a
simple interest rate of 5% per year on a loan to a business. if
it takes 3 years to pay back the loan and interest, what is the
total amount of interest that the shoe store will pay?

Answers: 2

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The shoe store manager borrowed $17,000.00 from the
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The shoe store manager borrowed $17,000.00 from the bank to purchase 1000 pairs of shoes. the bank charges a simple interest rate of 5% per year on a loan to a business. if it takes 3 years to pay back the loan and interest, what is the total amount of interest that the shoe store will pay?

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Another question on Mathematics

The shoe store manager borrowed $17,000.00 from the
bank to purchase 1000 pairs of shoes. the bank charges a
simple interest rate of 5% per year on a loan to a business. if
it takes 3 years to pay back the loan and interest, what is the
total amount of interest that the shoe store will pay?