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Lauren borrowed $300 for a new laptop The simple interest rate on the loan is 5% She will pay it back in 1 year How much interest will she pay?
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1 vote
Lauren borrowed $300 for a new laptop The simple

interest rate on the loan is 5% She will pay it back
in 1 year How much interest will she pay?

User Piotr Badura
by
3.7k points

1 Answer

3 votes

Answer:

$15

Explanation:

I=Prt

I=300(0.05)(1)

I = 15

User ZiGi
by
3.6k points
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