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

asked Apr 19, 2020 52.9k views

4 votes

7.7k points

Please log in or register to add a comment.

4 votes

Answer:

$135

Explanation:

What you do is you just times them all together.

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

Thotwielder answered Apr 24, 2020

7.2k points

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

9.0m questions

11.6m answers