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Jacob took out a loan for $5,400 at a simple interest rate of 3.5% for 6 months. How much interest did he owe? A) $94.50 B) $113.40 C) $1134.00 D) $9450.00

Jacob took out a loan for $5,400 at a simple interest rate of 3.5% for 6 months. How much interest did he owe? A) $94.50 B) $113.40 C) $1134.00 D) $9450.00
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Jacob took out a loan for $5,400 at a simple interest rate of 3.5% for 6 months. How much interest did he owe?

A) $94.50
B) $113.40
C) $1134.00
D) $9450.00

asked
User Charice
by
8.0k points

2 Answers

7 votes
It’s C you would convert 3.5% to 0.35 and multiply it by 6 to get 21% then you convert it to .21 and multiply that by the total loan to get $1134.00
answered
User Yuhua
by
7.5k points
7 votes

Answer:

c

Explanation:

I don't trust myself so I am sorry if it is wrong

answered
User Melix
by
8.2k points
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