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?

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asked May 27, 2023 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?

Mathematics
high-school

Jpnh asked

by Jpnh

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1 Answer

3 votes

Answer: $108

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

Nypam answered Jun 3, 2023

by Nypam

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