Register
Yasmeen is setting up a business. She borrows $5000 from a loan company. The loan company charges 6% per year simple interest. How much interest will Yasmeen pay after 3 years?
34.7k views
5 votes
Yasmeen is setting up a business.

She borrows $5000 from a loan company.
The loan company charges 6% per year simple interest.
How much interest will Yasmeen pay after 3 years?

User Sumanchalki
by
8.5k points

1 Answer

7 votes
5000 x 6% =300
300 x 3 = $900
User Jon Cahill
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
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!