Man borrows 26,000 for 3 years with simple interest 1.7 percent determine the amount of money repay after three years

$1,326

Step-by-step explanation:

You are going to want to use the simple interest formula for this.

I = interest amount

P = principal amount

r = interest rate

t = time

First, change 1.7% into its decimal form:

1.7% -> -> 0.017

Next plug in the values into the equation:

After three years, he must repay $1,326.

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