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ikadub [295]
3 years ago
15

Find the interest on the loan if you borrowed $5000 at 5% interest for 1 year

Mathematics
1 answer:
OLga [1]3 years ago
8 0

Answer:

$28.50

Step-by-step explanation:

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Step-by-step explanation:

3 0
3 years ago
HELP
vodka [1.7K]
So I = Prt 

I for interest charge 
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r for rate (6%)
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So you would then plug the information into the equation.....

I = 4,840*.06*2 
I = 580.80 

So the answer to your question is $580.80 which is option B

Hope this helps! :) 
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