Raymond took a $20,000 loan from a bank at an interest rate of 15% per year for a 3-year period. What is the total amount that he would have to payback the bank? Please dont put the answer in a file

9000

Step-by-step explanation:

If you divide 20000 by 100 I multiplied by 15 and multiplied that by 3 tell me if it was right.

step-by-step explanation:

the answer is:

the correct option:

b.

to solve the problem, we need to remember how to operate to simplify exponential expressions using the logarithms.

we are given the equation:

then, using placing logarith with base 7 on both sides of the equation, we have:

so, rounding the obtained result to two decimal places (nearest hundreth), we have:

hence, we have that the correct option:

b.

have a nice day!