Register
Craig borrowed $1,800 from his parents to buy a stereo. His parents charged him 3% simple interest for 2 years. How much interest did he pay his parents?
172k views
3 votes
Craig borrowed $1,800 from his parents to buy a stereo. His parents charged

him 3% simple interest for 2 years. How much interest did he pay his parents?

User Jpnh
by
8.5k points

1 Answer

3 votes

Answer: $108

Step-by-step explanation:
3% = 0.03
1800 x 0.03 x 2 = 108

User Nypam
by
7.8k points
← Prev Question Next Question →

Related questions

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

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
Link Copied!