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yasmeen is setting up a business she borrows a 5000$ from a loan company the loan company charges 6% per year simple interest how much interest will yasmeen pay after 3 years ?
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Ok
@nopeno3p45 do you understand these above wrote by @hearttricker ?
@hearttricker wrote:
Hi, its Interest = Principle * rate * time
I = PRT
P = 5000
R = 6%....turn to decimal = .06
T = 3
now we sub
I = PRT
I = (5000)(.06)(3)
whats the Answer?
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