Joe borrowed $3,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 6 years?
2 answers:
Answer:
$1,260
Step-by-step explanation:
I = Prt
I = 3,000 (0.07) (6)
I = 3,000 (0.42)
I = 1,260
Joe paid $1,260 in 6 years.
Answer:
1260
Step-by-step explanation:
I'm not 100% sure this is correct
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Answer:
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Step-by-step explanation:
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