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kherson [118]
3 years ago
12

Thang decided to borrow ​$9000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of

6​%. How much interest will Thang​ pay?
Mathematics
1 answer:
Virty [35]3 years ago
8 0

$1620

calculate simple interest ( I) using I = PRT

where P is the amount borrowed, R is rate of interest and T is time in years

note that R = 6% = \frac{6}{100} = 0.06

I = $9000 × 0.06 × 3 = $1620


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