Question

I WILL MEDAL AND FAN!!!

Answer 1

Think decided to borrow $5000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 6%. How much interest will Think pay?

Answer 2

do you know the formula for this?
i remember how to do it,, just forgot the formula.

Answer 3

no I have no idea thats why i posted this...

Answer 4

hey if the comment thing shows i am typing i am ussually not it is a lie lol

Answer 5

okay.
one second,, i will get it, okay ?

Answer 6

where did you get this question from?

Answer 7

homework

Answer 8

oh, i see.
so, you learned it in class, then. i learned this a while ago, i can't remember the formula.

Answer 9

You don't really need a formula for this. Simple interest means that the interest will always be calculated from the principal amount or the original loan amount. So just find 6% of 5000 and multiply it by 3.

Answer 10

Ohhh okay thank you a million times @ArkGoLucky

Answer 11

oh, thank you!

so,, 5000 * 0.06 = ?