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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?
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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?*

User Amitkaz
by
5.7k points

2 Answers

7 votes

Answer:

9.738

Explanation:

I=p x t

= 32,460 x (.03) 1

=9.738

User Avolquez
by
5.8k points
6 votes
324.60 I hope this helps you
User Shaun Lebron
by
5.4k points
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