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What is the Simple Interest on a loan of $725. 00 given at an interest rate of 6% for a period of 3 years?

What is the Simple Interest on a loan of $725. 00 given at an interest rate of 6% for a period of 3 years?
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What is the Simple Interest on a loan of $725. 00 given at an interest rate of 6% for a period of 3 years?

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User Ebeneditos
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7.9k points

1 Answer

4 votes
725*0.06*3 = $130.50
answered
User Lucas Welper
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7.7k points
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