Register
Dave has a three-year college plan loan for $10,000. the lender charges a simple interest rate of 6%. How much interest will he have to pay?
16.3k views
4 votes
Dave has a three-year college plan loan for $10,000. the lender charges a simple interest rate of 6%. How much interest will he have to pay?

User Knight Yoshi
by
7.1k points

2 Answers

4 votes
The interest he will have to pay is: 0.06×10000=600
The interest he will have to pay is $600
User Shanita
by
8.0k points
1 vote
Simple Interest = Principle × time × rate
10000 × 3 × 6% = 1800
User Alphayax
by
8.4k points
← Prev Question Next Question →

Related questions

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

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!