To find the amount of interest Jesse will pay to borrow money, you can use the formula I = PRT. I = interest; P = principal; R =

Question

2 years ago

14

To find the amount of interest Jesse will pay to borrow money, you can use the formula I = PRT. I = interest; P = principal; R =

Rate; and T=time. How much interest will Jesse pay if he borrows $5,000 for 5 years with an interest rate of 8%? A. $2,000.00 B. $20,000.00 C. $200.00 D. $2,500.00

Mathematics

1 answer:

Cerrena [4.2K] · Answer 1 · 2022-03-04T16:42:15+03:00

Cerrena [4.2K]2 years ago

5 0

Answer: A $2000

Step-by-step explanation:

Interest = prt / 100

= 5000 x .08 x 5

= 2000