Thang decided to borrow $9000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of

Question

3 years ago

7

9%. How much interest will Thang pay?

2 answers:

Mila [183] · Answer 1 · 2022-04-22T20:48:31+03:00

Answer:

2,430

Step-by-step explanation:

Use the formula:

I=PRT

to find interest

Where P stands for money borrowed

R= Interest Rate

T= Time

First convert 9% to decimal by moving decimal point 2 spaces back:

9% ----> 0.09

Then input it to the equation

I= 9000•0.09•3

Multiply to find answer:

2,430

Gre4nikov [31] · Answer 2 · 2022-04-22T21:58:55+03:00

7 0

Answer:

2430

Step-by-step explanation:

Thang decided to borrow ​$9000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of