Acompany borrows $74,000 for 2 years at a simple interest rate of 13.5%. find the interest paid on the loan and the total amount paid.

Step-by-step explanation:

The amount of interest is computed using the formula ...

  I = Prt

where P is the principal borrowed ($74,000), r is the annual interest rate (0.135), and t is the number of years (2). Filling in the numbers and doing the arithmetic, we have ...

  I = $74,000×0.135×2 = $19,980 . . . interest on the loan

__

The amount repaid is the sum of the original amount borrowed and the interest:

  $74,000 +19,980 = $93,980 . . . . total amount repaid

step-by-step explanation:

1. practice, practice & more practice

2. review errors

3. master the key concepts

do not try to memorise the processes.

4. understand your doubts.

5. create a distraction free study environment

6. create a mathematical dictionary

7. apply maths to real world problems.

answer: the answer is simply nothing.

step-by-step explanation: because there is no ending to this question

gimme brainliest > : 3