In 44 B.C., Brutus, the man who murdered Julius Caesar, made a loan to the city of salamis. He charged an interest rate of 48%, even though 12% was the maximum legal rate.how much simple interest would Brutus make on a loan of 3000 talents for 3 years?

Question

perl · Answer

you can use the equation:
 Interest = principal * rate * # years

anonymous · Answer

Yes, so do you know the Interest?

Principal?

Rate?

Years?

Once you do, fill out this formula then solve =)

anonymous · Answer

OH!!! okay thanks guys I was using the wrong formula I thought it was F=p(1+rt). I thought I was looking for the future value

anonymous · Answer

=) It's OK!