Question

Joe is borrowing $15,000 in a savings account that earns 6% simple interest. How much interest will he owe after 5 years?​

Answer 1

$4,500

Explanation:

You would divide $15,000 by 10 to get 10% then to get 30%, which is how much it is after 5 years, you would multiply by 3 to $4500 which is the answer