Write an equation for the scenario. You take out a loan of $180,000 for a house. You have an interest rate of 3.9% annually.

Jeremy T asked Sep 6, 2022

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20 votes

Write an equation for the scenario.

You take out a loan of $180,000 for a house. You have an interest rate of 3.9% annually.

Jeremy T asked Sep 6, 2022

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27 votes

Answer:

simple interest =PTR/100=$180000×1×3.9/100=$7020

Clavio answered Sep 11, 2022

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