5 poir The simple interest rate on a loan of $5,000 is 3% annually. What is the total interest that will be paid in 5 years? * $150.00 $750.00 O $1,500.00 $7,500.00

5 poir

The simple interest rate on a loan of $5,000 is 3% annually. What is the
total interest that will be paid in 5 years? *
$150.00
$750.00
O $1,500.00
$7,500.00

1 Answer

5 poir The simple interest rate on a loan of $5,000 is 3% annually. What is the total interest that will be paid in 5 years? * $150.00 $750.00 O $1,500.00 $7,500.00

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