Question

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 she pays the entire loan at the end of the third year

Answer 1

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)