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Casey borrowed $4500 at a 5% interest rate for 4 years. What was the total interest? Enter your answer in the box. Hint: Use the formula I=P*R*T where I= Interest Earned/Owed P= Principal R= Rate T= Time
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Casey borrowed $4500 at a 5% interest rate for 4 years.

What was the total interest?
Enter your answer in the box.
Hint: Use the formula I=P*R*T where
I= Interest Earned/Owed
P= Principal
R= Rate
T= Time
PLEASE HURRYYYY!

User Wenzul
by
3.7k points

1 Answer

3 votes
I = P x R x T

I = $4500 x 5% x 4

5% = .5

4500 x .5 x 4 = 9,000

I think this should be correct .
User Raulriera
by
4.2k points
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