Question

25 points

1. Jason Witten has a loan of $32,460. The loan has a simple interest rate
of 3% per year. What is the amount of interest that Jason Witten will be
charged on this loan at the end of one year?*

Answer 1

9.738

Explanation:

I=p x t

= 32,460 x (.03) 1

=9.738

Answer 2

324.60 I hope this helps you