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PLEASE HELP ASAP!!! You loan a friend $3,000. You charge 5.4% interest and they will pay you back in 6 months. How much interest will your friend have to pay?

PLEASE HELP ASAP!!! You loan a friend $3,000. You charge 5.4% interest and they will pay you back in 6 months. How much interest will your friend have to pay?
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1 vote
PLEASE HELP ASAP!!!

You loan a friend $3,000. You charge 5.4% interest and they will pay you back in 6 months. How much interest will your friend have to pay?

User Iamauser
by
8.4k points

1 Answer

2 votes

Answer:

Explanation:

I=PRT/100

I=3000*5.4*6

100

97200/100=972.

I=$972

User Cedric Petetin
by
7.9k points
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