Register

Thang decided to borrow ​$6000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 8​%. How much interest will Thang​ pay?

Thang decided to borrow ​$6000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 8​%. How much interest will Thang​ pay?
asked 213k views
5 votes
Thang decided to borrow ​$6000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 8​%. How much interest will Thang​ pay?

asked
User Simos Fasouliotis
by
8.1k points

1 Answer

6 votes

Answer:

Explanation:

I=PRT/100

P=6000

R=8%

T=3

I=6000*8*3/100

I=1440

answered
User Anuith
by
8.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!