Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. How much interest will Juanita pay?
2 answers:
I=prt. I=600(.07)(2). I=42(2). I=84. Juanita will pay $84 interest :)
Answer:
Juanita will pay $84 interest .
Step-by-step explanation:
Given :
Principal = $600
Interest = 7%
Time = 2 years
To Find : How much interest will Juanita pay?
Solution:
Formula : 


Hence Juanita will pay $84 interest .
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