Question

Casey borrowed $4500 at a 5% interest rate for 4 years.

What was the total interest?
Enter your answer in the box.
Hint: Use the formula I=P*R*T where
I= Interest Earned/Owed
P= Principal
R= Rate
T= Time
PLEASE HURRYYYY!

Answer 1

I = P x R x T

I = $4500 x 5% x 4

5% = .5

4500 x .5 x 4 = 9,000

I think this should be correct .