Question

Juanita borrowed $600 to purchase a new computer. She was charged 7% interest for two years. How much interest will Juanita pay?

Answer 1

I=prt. I=600(.07)(2). I=42(2). I=84. Juanita will pay $84 interest :)

Answer 2

Juanita will pay $84 interest .

Explanation:

Given :

Principal = $600

Interest = 7%

Time = 2 years

To Find : How much interest will Juanita pay?

Solution:

Formula :
`SI = (P * R * T)/(100)`

`SI = (600 * 7 * 2)/(100)`

`SI = 84`

Hence Juanita will pay $84 interest .