An economic agent contracts a loan of 15.000 lei, which - Practice (English) | ObjectiveMcq

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An economic agent contracts a loan of 15.000 lei, which - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementMicroeconomicsAn economic agent contracts a loan ...

Microeconomics Business ManagementEasy

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An economic agent contracts a loan of 15.000 lei, which he will repay in three equal annual installments. What will be the total interest paid, knowing that the annual interest rate is 12% per year?

Correct Answer:

(A) 3600 lei

Explanation:

3600 lei

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