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To find the amount of interest Jesse will pay to borrow money, you can use the formula I = PRT. I = interest; P = principal; R = Rate; and T=time. How much interest will Jesse pay if he borrows $5,000 for 5 years with an interest rate of 6%? A. $3,000.00 B. $15,000.00 C. $150.00 D. $1,500.00

User Kurast
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2 Answers

4 votes

Answer:

its B

Explanation:

To find the amount of interest Jesse will pay to borrow money, you can use the formula-example-1
User Theguy
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2 votes

Answer:

D, 1500

Explanation:

You plug it in by doing equation I= PRT

This means I=5000(5)(0.06)

I=25000(0.06)

I=1500

User Somerandomusername
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4.6k points