Register
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?
41.4k views
3 votes
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?

User Bhavesh Daswani
by
7.2k points

2 Answers

4 votes
The answer is 3448.5
User Guno
by
7.7k points
2 votes

Answer:

3448.5

Explanation:

I=PRT

I=22990×0.05×3

=$3448.5

User Dinotom
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Write words to match the expression. 24- ( 6+3)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!