SOLUTION: Using the simple interest formula I=PRT,DETERMINE THE AMOUNT OF INTEREST YOU'D PAY ON A LOAN OF $3000 BORROWED FOR 2 YEARS 8 MONTHS AT AN INTERST RATE OF 12%
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Question 460683: Using the simple interest formula I=PRT,DETERMINE THE AMOUNT OF INTEREST YOU'D PAY ON A LOAN OF $3000 BORROWED FOR 2 YEARS 8 MONTHS AT AN INTERST RATE OF 12%
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=3000*0.12*2.667
I=$960.12
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