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Thang decided to borrow ​$6000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 8​%. How much interest will Thang​ pay?
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5 votes
Thang decided to borrow ​$6000 from his local bank to help pay for a car. His loan was for 3 years at a simple interest rate of 8​%. How much interest will Thang​ pay?

User Simos Fasouliotis
by
5.3k points

1 Answer

6 votes

Answer:

Explanation:

I=PRT/100

P=6000

R=8%

T=3

I=6000*8*3/100

I=1440

User Anuith
by
5.5k points
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