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Juli2301 [7.4K]
3 years ago
11

The formula for finding the interest on a loan is I = prt. Jack borrows $2,000 for 2 years at a rate of 2%. How much interest wi

ll he owe?
Mathematics
2 answers:
bearhunter [10]3 years ago
3 0

i = p \times r \times t
i = 2000 \times .02 \times 2
2000 \times .02 = 40
40 \times 2 = 80
i = 80
Mandarinka [93]3 years ago
3 0
Interest= Multiply (price)(rate)(time)
($2,000)(0.02)(2)
Hope this helps!! :)
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