What is the total amount due and the amount of interest on a 3-year loan of $1,000 at a simple interest rate of 12% per year?

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Answer to a math question What is the total amount due and the amount of interest on a 3-year loan of $1,000 at a simple interest rate of 12% per year?

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Para un cálculo de interés simple, la fórmula para encontrar el monto total adeudado de un préstamo es: Monto total adeudado = Monto principal + Intereses La fórmula para calcular el interés de un préstamo a interés simple es: Interés = Monto principal × Tasa de interés × Tiempo Dado: Monto principal (P) = $1,000 Tasa de interés (R) = 12% anual Tiempo (T) = 3 años Primero calculemos el interés: Interés = Monto principal × Tasa de interés × Tiempo Interés = $1000 × 0,12 × 3 Interés = $1000 × 0,36 Interés = $360 Ahora, encontremos el monto total adeudado: Monto total adeudado = Monto principal + Intereses Monto total adeudado = $1,000 + $360 Monto total adeudado = $1,360 Por lo tanto, el monto total adeudado por un préstamo a 3 años de $1,000 a una tasa de interés simple del 12% anual es $1,360. El monto de interés acumulado durante el período de 3 años es $360.

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