Final answer:
The total amount of interest from a $5,000 loan after three years with a 6% interest rate would be $900.
Step-by-step explanation:
To find the total amount of interest on a loan, you can use the formula: Interest = Principal × Rate × Time. In this case, the principal is $5,000 and the time is 3 years.
Given that the interest rate is 6%, you can substitute the values into the formula: Interest = $5,000 × 0.06 × 3.
Calculating the interest, we get: Interest = $900. So, the total amount of interest from a $5,000 loan after three years with a simple interest rate of 6% would be $900.