Question

Ms. Shaila borrows $17,000 to buy a car. She pays simple interest at an annual rate of 6% over a one year period. How much does she pay altogether?

Formula: interest = principal x rate x time

Please show your work

Answer 1

$18020

Explanation:

$17000 X 6%=$1020

$17000 +$1020 = $18020.00

Answer 2

the answer is 18,020

Explanation:

`p 17000 \ * \ r .06 * t1 \\ \\ 1020 + 17000 \\ \\ 18020`