Question

simple interest = P × r × t


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

Answer 1

were A B C OR D at?

Answer 2

\[\huge\rm I=prt\]
P=principal (amount that thy invested )
r= interest rate (u need in decimal so divide 6/100)
t = time
substitute variables for their values solve for I(interest )