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Stephen lent his friend $100 at a simple annual interest rate of 6%. How much interest will Stephen earn at the end of 3 years?
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4 votes
Stephen lent his friend $100 at a simple annual interest rate of 6%. How much interest will Stephen earn at the end of 3 years?

User Will Parzybok
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2 Answers

6 votes
I'm pretty sure it's 18.. sorry if it's wrong
User Amir Charkhi
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8.1k points
4 votes
$100*.06*3
1. multiply 100*.06=$6
2. then multiply $6*3=$18

User Squirrl
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