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700 borrowed using a simple interest for 6 years at a rate of 5%, what is the interest amount?
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1 vote
700 borrowed using a simple interest for 6 years at a rate of 5%, what is the interest amount?

User Aseem Upadhyay
by
5.0k points

1 Answer

3 votes

Answer:

210

Explanation:

I= p x r x t

I = 700 x 5/100 x 6

I= 700 x 0.05 x 6

I= 210

User Rbutcher
by
6.2k points
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