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dezoksy [38]
3 years ago
5

What’s the answer please I need help.

Mathematics
1 answer:
Darina [25.2K]3 years ago
3 0

Answer:

less than

Step-by-step explanation:

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Step-by-step explanation:

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Thang decided to borrow ​$6000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of
Jlenok [28]

Answer:

<em>Thang will pay $1620 interest</em>

Step-by-step explanation:

<u>Simple Interest</u>

Definition: Interest calculated on the original principal only of a loan or on the balance of an account.

Unlike compound interest where the interest earned in the compounding periods is added to the new principal, simple interest only considers the principal to calculate the interest.

The interest earned is calculated as follows:

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I = 6000*0.09*3

I = 1620

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