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Harold wants to borrow $1,000 for 3 years. The interest rate is 6%. How much interest will he pay over the course of the loan?

A. $1,800
B. $1,180
C. $180
D. $60

User Pbering
by
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2 Answers

3 votes

Answer:

C

Explanation:

Take cost of all 3 years being 3,000 then multiply it by the percent which I put into a decimal to make things easier. 3,000 x 0.06 = 180

User GTMeteor
by
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7 votes
The Answer is 180 because 6% of 100 is 60 so just multiply that by 3
User Taimur Aziz
by
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