Question

simple interest = P × r × t Dave has a three–year college loan for $10,000. The lender charges a simple interest rate of 6 percent. How much interest will he have to pay? $600 $1,800 $900 NextReset

Answer 1

$1,800

Explanation:

600 per year doing it for 3 years ....Edmentum

Answer 2

I = PRT
P = 10,000
R = 6%...= 0.06...u have to put it in decimal form
T = 3

I = (10,000)(0.06)(3)
I = $ 1800 <=== this is the interest that Dave has to pay