Sain has a student loan for $22,990. This loan has a simple interest rate of 5%. What is the amount of interest Sain will be charged on his student loan at the end of 3 years?

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Abir asked Feb 6, 2022

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Sain has a student loan for $22,990. This loan has a simple interest rate of 5%. What is the amount of interest Sain will be charged on his student loan at the end of 3 years?

Mathematics
middle-school

Abir asked Feb 6, 2022

by Abir

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14 votes

The answer is 3448.5

Mohammad AlQanneh answered Feb 8, 2022

by Mohammad AlQanneh

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12 votes

Answer:

3448.5

Explanation:

I=PRT

I=22990×0.05×3

=$3448.5

Ostoura answered Feb 13, 2022

by Ostoura

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