Question

PLS HELP will fan and medal

Answer 1

If an amount of $2,000 is borrowed at a simple interest rate of 10% for 3 years, how much is the interest?

Answer 2

Hint*
For simple interest you can just use:
\[\large I = PRT\]

Answer 3

can you explain it

Answer 4

2000*.10*3

Answer 5

600

Answer 6

I = Interest Earned
P = Principal amount
R = Rate of interest *in decimal form*
T = time (in years)

So you have
P = 2000
R = *yeah you got it! lol

Answer 7

ok i have another question

Answer 8

Kimberly took out a simple interest loan at 8.5% interest for 12 months. Her previous balance is $387. What is the final payment if the loan is paid off with the next payment?

Answer 9

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