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Laura borrowed $40,500 at 3% for 10 years. what was the total interest?

Laura borrowed $40,500 at 3% for 10 years. what was the total interest?
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5 votes
Laura borrowed $40,500 at 3% for 10 years. what was the total interest?

User Woder
by
7.6k points

1 Answer

6 votes

Answer:

$12,150

Explanation:

I = Prt

I = (40500)(0.03)(10)

I = 12150

User Jay Gong
by
7.7k points
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