SOLUTION: Juanita and carlos borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what was the interest.
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Question 359459: Juanita and carlos borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what was the interest.
Answer by CharlesG2(834) (Show Source): You can put this solution on YOUR website!
Juanita and carlos borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what was the interest.
formula for simple interest: I = PRT,
I = interest, P = principal, R = Rate, T = time
I = 4800 * 0.11 * 2
I = $1056
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