Robert gets a loan from his bank. he agrees to borrow £6000 at a fixed annual simple interest rate of 7%.
he also agrees to pay the loan back over a 10 year period.

how much money in total will he have paid back at the end of 10 years?

the total amount that should be paid back at the end of 10 years is £10,200

Step-by-step explanation:

The total amount that should be paid back at the end of 10 years is shown below:

= Borrowed amount + simple interest

= £6000 + (£6000 × 0.07 × 10)

= £6000 + £4,200

= £10,200

Hence, the total amount that should be paid back at the end of 10 years is £10,200

step-by-step explanation:

c

step-by-step explanation: