A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows $28,000 for 3 years with a simple interest rate of 1.2%. Determine the amount of money the man must repay after 3 years. The man must repay $

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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9)
A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows $28,000 for 3 years with a simple interest rate of 1.2%. Determine the amount of
money the man must repay after 3 years.
The man must repay $
Transcribed Image Text:A man uses a loan program for small businesses to obtain a loan to help expand his vending machine business. The man borrows $28,000 for 3 years with a simple interest rate of 1.2%. Determine the amount of money the man must repay after 3 years. The man must repay $
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