JiggaJuice
JiggaJuice JiggaJuice
  • 07-04-2017
  • Mathematics
contestada

Dave has a three-year college plan loan for $10,000. the lender charges a simple interest rate of 6%. How much interest will he have to pay?

Respuesta :

selenamohammed1
selenamohammed1 selenamohammed1
  • 07-04-2017
Simple Interest = Principle × time × rate 
10000 × 3 × 6% = 1800
Answer Link
dodo17
dodo17 dodo17
  • 07-04-2017
The interest he will have to pay is: 0.06×10000=600
The interest he will have to pay is $600
Answer Link

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