Megan borrowed $3,700 from her parents for 3 years at an annual simple interest rate of 1%. How much interest will she pay if sh e pays the entire loan at the end of the third year
1 answer:
The formula for simple interest is I=pXrXt (interest=principal Times annual interest rate Times time (In years)) so the answer would be $111. hope this helps~Breezy (pls mark brainliest thx)
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