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Mr. Sanders took out a loan for $1000 for one year at a rate of 6% simple interest. What is the total amout Mr. Sanders will repay for this loan

Mr. Sanders took out a loan for $1000 for one year at a rate of 6% simple interest. What is the total amout Mr. Sanders will repay for this loan
asked 36.9k views
5 votes
Mr. Sanders took out a loan for $1000 for one year at a rate of 6% simple interest. What is the total amout Mr. Sanders will repay for this loan

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User Zach Brantmeier
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7.7k points

1 Answer

5 votes
I = PRT   P = 1000    R = 6 T = ? ILL help but not giving the answer u can do it
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User MSquare
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