210k views
5 votes
What is this simple interest of a loan for $1000 with 5% interest after three years

1 Answer

5 votes

1000 x 5 x 3= $15000/100 = $150 in simple interest

User FabianoLothor
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.