SOLUTION: I loaned 5000.00 at 6% interest 9 years ago what's the balance?

SOLUTION: I loaned 5000.00 at 6% interest 9 years ago what's the balance?

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Question 975629: I loaned 5000.00 at 6% interest 9 years ago what's the balance?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
If the interest is simple, I=PRT=$6000*0.06*9=$3240 interest, and $9240 balance.
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