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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asked Aug 1, 2021 186k views

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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?

Mathematics
college

Iamauser asked

by Iamauser

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1 Answer

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Answer:

Explanation:

I=PRT/100

I=3000*5.4*6

100

97200/100=972.

I=$972

Cedric Petetin answered Aug 5, 2021

by Cedric Petetin

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