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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 8%? A. $2,000.00 B. $20,000.00 C. $200.00 D. $2,500.00

2 Answers

3 votes

Answer:

Its A I just took the quiz

Explanation:

User Aaron Bertrand
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2 votes

Answer: A $2000

Explanation:

Interest = prt / 100

= 5000 x .08 x 5

= 2000

User Ryan Abbott
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