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Please help its due tommorrow morning! Frank borrows $6,000 to pay for his tuition. The annual interest rate of the loan is 5.4%. How much interest does Frank owe at the end of one year?​
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4 votes
Please help its due tommorrow morning!

Frank borrows $6,000 to pay for his tuition. The annual interest rate of the loan is 5.4%. How much interest does Frank owe at the end of one year?​

User KarlsFriend
by
8.3k points

2 Answers

5 votes

Answer: $324

Explanation:

i=prt

i=(6000)(.054)(1)

i=324

User Conduit
by
8.8k points
1 vote
The answer is 324

.054(6000)
User RichyHBM
by
8.5k points
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