Wesley is buying a motorcycle for $1200. He is taking out a loan for 3 years at a 3% interest rate. How much interest will he pay? 3

Robertbeb asked Feb 18, 2023

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45 votes

Wesley is buying a motorcycle for $1200. He

is taking out a loan for 3 years at a 3%
interest rate. How much interest will he pay?
3

Robertbeb asked Feb 18, 2023

2.8k points

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19 votes

Answer: 108

Explanation:

Simple interest = PRT /100 =1200 × 3 × 3 / 100 = 108

Kuryaki answered Feb 22, 2023

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