If you borrow $5.93 for nine years at an interest rate of 6%, how much interest will you pay? In terms of simple interest.
2 answers:
Answer: $3.20
Step-by-step explanation:
SI = p *r * t
= 5.93 * 0.06 * 9
= 3.20
Answer:
$3.20
Step-by-step explanation:
Using Simple Interest = (principal) * (rate) * (time), we get:
= 5.93 * 0.06 * 9
= $3.20
Hope this helps!
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