Register

If you borrowed $10,000 at 6% interest rate for 1 year, what is the interest payment at the end of the year?

If you borrowed $10,000 at 6% interest rate for 1 year, what is the interest payment at the end of the year?
asked 42.0k views
0 votes
If you borrowed $10,000 at 6% interest rate for 1 year, what is the interest payment at the end of the year?

asked
User Karel Lenc
by
8.3k points

2 Answers

0 votes

Answer:

$600

Explanation:

$10,000 x 0.06 = $600

answered
User EPQRS
by
8.4k points
7 votes

Answer:

$600

Explanation:

I = prt

I = 10000 x .06

I = 600

answered
User Zamuka
by
8.3k points
← Prev Question Next Question →

No related questions found

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

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!