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Charles takes a loan of $15000 on a 7% interest rate. He plans to pay the loan off in full after 2 years. Calculate the simple interest.
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Charles takes a loan of $15000 on a 7% interest rate. He plans to pay the loan off in full after 2 years. Calculate the simple interest.

User Tena
by
7.8k points

1 Answer

1 vote

Answer:

$2100

Explanation:

p x r x t

15000 x 0.07 x 2

User Mosid
by
8.4k points
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