Register

If you borrow $5.93 for nine years at an interest rate of 6%, how much interest will you pay?

If you borrow $5.93 for nine years at an interest rate of 6%, how much interest will you pay?
29.3k views
4 votes
If you borrow $5.93 for nine years at an interest rate of 6%, how much interest will you pay?

User GratefulGuest
by
7.8k points

2 Answers

5 votes
i believe the answer is 3.20
User Desmon
by
8.5k points
4 votes
The answer is $3.20
By using the simple interest formula
Simple interest = principal x rate x time (years) all divided by 100
User Pzanno
by
8.4k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
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?
Link Copied!