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A $3,000 loan is taken out for 9% interest for 6 months. What is the amount of interest charged?
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4 votes
A $3,000 loan is taken out for 9% interest for 6 months. What is the amount of interest charged?

User Jakirkham
by
8.1k points

1 Answer

4 votes

Answer:

$135

Explanation:

What you do is you just times them all together.

$3,000*.09*.05=$135 amount of interest charged.

User Thotwielder
by
7.7k points
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