Wesley is buying a motorcycle for $1200. He is taking out a loan for 3 years at a 3% interest rate. How much interest will he pay? 3

asked Dec 4, 2023 148k views

0 votes

Wesley is buying a motorcycle for $1200. He

is taking out a loan for 3 years at a 3%
interest rate. How much interest will he pay?
3

5.6k points

Please log in or register to add a comment.

2 votes

Answer: 108

Explanation:

Simple interest = PRT /100 =1200 × 3 × 3 / 100 = 108

Will Palmer answered Dec 10, 2023

6.5k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers