Answer:
At the end of 6 years Jin pays the amount $ 20,160 in total.
Step-by-step explanation:
The Principal Value(P) = $18,000
Time(T) = 6 years
Rate of Interest(R) = 2%
Simple Interest = [tex]\frac{P \times R \times T}{100}[/tex]
So, SI = [tex]\frac{18,000 \times 2 \times 6}{100}[/tex]
= $2,160
So, the interest amount = $2,160
Now, total amount to be paid = Principal Value + Interest Value
Amount = $18,000 + $2,160 = $ 20,160
Hence, at the end of 6 years Jin pays $ 20,160.
