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Viefleur
[7K]
3 years ago
12
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
Mathematics
Answer
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1
answer:
Nuetrik
[128]
3 years ago
7
0
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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