Register

Craig borrowed $1,800 from his parents to buy a stereo. His parents charged him 3% simple interest for 2 years. How much interest did he pay his parents?

Craig borrowed $1,800 from his parents to buy a stereo. His parents charged him 3% simple interest for 2 years. How much interest did he pay his parents?
asked 172k views
3 votes
Craig borrowed $1,800 from his parents to buy a stereo. His parents charged

him 3% simple interest for 2 years. How much interest did he pay his parents?

asked
User Jpnh
by
8.5k points

1 Answer

3 votes

Answer: $108

Step-by-step explanation:
3% = 0.03
1800 x 0.03 x 2 = 108

answered
User Nypam
by
7.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!