Question

When trying to find the amount of interest you will pay if you borrow money, what three things

must you calculate? Think PRT.
O Partial amount, interest rate, time
O Principal, review, time
O Principal, interest rate, time
O Pay, rate, terms

Answer 1

You need the principal (the amount of money borrowed) the interest rate (the percent of money of pay for borrowing money) and the time (how many years you will be paying off the loan)