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Nyle borrowed $3,425 from the bank at a simple interest rate of 13.5%. how much interest will the loan accrue after two years?

Nyle borrowed $3,425 from the bank at a simple interest rate of 13.5%. how much interest will the loan accrue after two years?
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nyle borrowed $3,425 from the bank at a simple interest rate of 13.5%. how much interest will the loan accrue after two years?

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User Dan Puzey
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2 Answers

2 votes
HE WOULD OWE 924.75 IN INTEREST
answered
User RomanN
by
8.8k points
1 vote
I=prt
I=3,425×0.135×2
I=924.75
answered
User Mjstam
by
7.8k points
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