Simple interest = P × r × t Dave has a three–year college loan for $10,000. The lender charges a simple interest rate of 6 percent. How much interest will he have to pay?

Simple interest = P × r × t

Dave has a three–year college loan for $10,000. The lender charges a simple interest rate of 6 percent. How much interest will he have to pay?

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Simple interest = P × r × t Dave has a three–year college loan for $10,000. The lender charges a simple interest rate of 6 percent. How much interest will he have to pay?

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