Question

Daniel borrows $2,500 at 6% simple interest for 5 years. How much is daniel going to pay in interest. May I please get help I have already tried and it is to hard for me.

Answer 1

2500 x 6/100 = 150

150 x 5 = 750

2500 + 750 = 3 250

Explanation:

You first have to determine the interest for one year. We know that a percentage means a 100 so we are going to use 6/100. You then have to multiple that by the original amount, you will then get your answer. After obtaining your answer your will multiple it by the number of years which is 5, once you get your answer add it to the original amount. Then you are all set.