zuma took a loan of 630 000 from the bank. he will repay the loan over 48 months at 9.5% per annum simple interest. how much interest will zuma pay on the loan​

Interest amount = 239400

Step-by-step explanation:

Below is the calculation of interest amount:

Given the loan amount or present value = 630000

Time period  = 48 months or 4 years

Interest rate give = 9.5%

Total amount = P ( 1 + rt)

P = 630000

r = 9.5%

t = 4 years

Total amount = 630000 ( 1 + 9.5% x 4)

Total amount = 869,400

Interest amount = 869400 - 630000

Interest amount = 239400

i think it would be 43 movies that would have to be watched.

step-by-step explanation:

think about it. for the second plan, every month is 8 dollars. 8 x 12= 96. so thats the number for the second plan. now for the first plan, its annual meaning you have to pay 10 dollars every year. so now you have to get an equivalent amount of 86 since 96-10=86. 86 divided by 2 since every movie costs 2$ then you would have to watch 43 movies a year to get the same as the second plan. i really hoped this . have a wonderful day as well!