3 years ago

time=6 years intrest rate=2.7% original amount of loan=$1,250 what amount of sinple interest will be paid on the loan

1 answer:

7 0

Simple interest formula: I=prt
t=6yrs
p=1250
r=2.7%

I=prt
I=(1250)(.027)(6)
I=202.50

Simple interest paid will be $202.50

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