Joe is borrowing $15,000 in a savings account that earns 6% simple interest. How much interest will he owe after 5 years?

Mathematics

1 answer:

Gennadij [26K]2 years ago

4 0

Answer:

$4,500

Step-by-step explanation:

You would divide $15,000 by 10 to get 10% then to get 30%, which is how much it is after 5 years, you would multiply by 3 to $4500 which is the answer

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Joe is borrowing $15,000 in a savings account that earns 6% simple interest. How much interest will he owe after 5 years?​

Joe is borrowing $15,000 in a savings account that earns 6% simple interest. How much interest will he owe after 5 years?