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Wanda took out a personal loan for $15,000 at 6% simple interest. (hint: use the simple interest formula a. how much interest will she pay after 5 years?

Wanda took out a personal loan for $15,000 at 6% simple interest. (hint: use the simple interest formula a. how much interest will she pay after 5 years?
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Wanda took out a personal loan for $15,000 at 6% simple interest. (hint: use the simple interest formula

a. how much interest will she pay after 5 years?

User ShadeOfGrey
by
8.3k points

1 Answer

1 vote
I=prt
I=15,000×0.06×5
I=4,500
User SpanishBoy
by
8.5k points
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