Dave has a three-year college loan for 10,000 the lender charges a simple interest rate of 6% how much interest will he have to pay

asked Aug 24, 2020 69.7k views

1 vote

by Nokla

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6 votes

Answer: it’s 1,800

Not 900

Explanation:

Rich Miller answered Aug 27, 2020

5.3k points

4 votes

S.I = PxRxT / 100
Therefore
S.I.= $10000x3x6/100
=$900

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